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| Exchange Disseminated Time | Mefcom Capital Markets Ltd ("Manager to the Offer") on behalf of HB Stockholdings Ltd ("Acquirer") along with Mr. H C Bhasin (PAC) has issued this Post Offer Public Announcement to the shareholders of DCM Shriram Industries Ltd ("Target Company"), which is in continuation of and should be read in conjunction with the Public Announcement (PA) dated November 19, 2007, Revised Public Announcement Dated November 29, 2007, Corrigendum to the PA dated May 14, 2008 & Letter of Offer dated May 14, 2008, pursuant to & in compliance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 and subsequent amendments thereto, to acquire up to 35,00,000 fully paid up equity shares Rs 10/- each at a price of Rs 130 per fully paid up equity share payable in cash are as under:
| S. No. | Item | Proposed in the Letter of Offer | Actuals | | 1 | Offer Price | Rs.130 | Rs.130 | | 2 | Share holding of Acquirer (No & %) before PA | 19,54,348 (11.23%) | 19,54,348 (11.23%) | | 3 | Shares acquired by way of MOU (No & %) | Nil | Nil | | 4 | Shares acquired in the open offer (No. & %) | 35,00,000 (20.12%) | 3,24,657 (1.87%) | | 5 | Size of the open offer (No. of Share multiplied by offer per share) | Rs. 45,50,00,000 | Rs. 45,50,00,000 | | 6 | Shares acquired after the PA but before 7 working days prior to closure date by way of market purchases (No. & %) | N.A. | 19,10,427 (10.98%) | | 7 | Post offer shareholding of acquirer (No & %) (2+3+4+6) | 54,54,348 (31.35%) | 41,89,432 (24.08%) | | 8 | Pre and Post offer shareholding of Public other than Acquirer (No & %) | Pre Offer | Post Offer | Pre Offer | Post Offer | 83,62,097
(48.06%) | 48,62.097
(27.95%) | 83,62,097
(48.06%) | 61,27,013
(35.22%) |
Note: The Pre & Post offer shareholding of the Promoters of DCM Shriram Industries Ltd (No & %) comprises of 70,81,992 shares (40.70%). The above figures have been arrived at after taking into consideration the expanded share capital of the Target Company which is Rs 17,39,84,370/- (after taking into consideration the allotment of 21,00,000 equity shares consequent to the conversion of 7,00,000 share warrants to the specified entities of the Promoters / Promoter group / Persons Acting in Concert of the Target Company). However, the Acquirer (HB Stockholdings Ltd) has filed a petition against the Target Company in respect of the said preferential allotment which is sub-judice before the Hon'ble Company Law Board. |
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