KS Oils - Disclosures under Reg. 7 (1) of SEBI (SAST) Regulations, 1997
The Exchange has received the following disclosure under Regulation 7(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997:
Name of the Target company
KS Oils Ltd.
Name of the acquirer and PACs with the acquirer
ECL Finance Ltd (ECL) & IDBI Trusteeship Services Ltd., in capacity as Security Trustee for ECL
Details
Number
%
a) Shares/ VR* before acquisition under consideration
23,047,494
7.31%
b) Shares/ VR* acquired/(sold)
1,000,000
0.32%
c) Shares/ VR* after acquisition/ sale
24,047,494
7.63%
Mode of acquisition/ sale
Pledge
Date of acquisition/ sale of shares
Pledge on 8,178,000 shares created on Oct 16, 2007 and 620,362 shares created on Oct 16, 2007 in favour of IDBI Trusteeship Services Ltd and on 5,000,000 shares created on Feb 29, 2008 and on 9,249,132 shares created on Mar 04, 2008 & on 1,000,000 shares created on Mar 24, 2008 in favour of ECL Finance Ltd
