Karvy Investor Services Limited (the 'Manager to the Offer') has submitted to BSE a Copy of Letter of Offer regarding Open offer to acquire upto 72,85,018 Equity Shares representing upto 26% of the voting Rights of M/s Phoenix Lamps Limited ('Target Company') by Suprajit Engineering Limited ('Acquirer') at a price of Rs. 100/- per fully paid-up equity share.