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| Exchange Disseminated Time | JM Financial Consultants Pvt Ltd ("Manager to the Offer"), on behalf of BASF SE ("Acquirer"), has issued this Corrigendum to the Public Announcement to the Shareholders of BASF India Ltd ("Target Company"), which is in continuation of & should be read in conjunction with the Public Announcement ("PA") dated May 15, 2008, Corrigendum to the PA dated July 07, 2008 & the Letter of Offer dated June 24, 2008 ("Letter of Offer"), wherein an Open Offer to acquire up to 6,289,591 fully paid-up Equity Shares of the Target Company constituting 22.31% of the Voting Capital of the Target company at a price of Rs 274 per Equity Share ("Offer Price") was made under the Securities & Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 and subsequent amendments thereto (the "SEBI (SAST) Regulations" ). The shareholders of the Target Company are requested to kindly note the following changes in the information appearing in the PA & the Letter of Offer.
Offer Price
1. In accordance with Regulation 26 of the SEBI (SAST) Regulations, the Acquirer may make an upward revision of the Offer Price at any time up to seven (7) working days prior to the date of the closing of the offer (i.e. by July 17, 2008). The Offer Price is hereby revised by the Acquirer from Rs 274/- (Rupees Two Hundred & Seventy four only) per Equity Share to Rs 300/- (Rupees Three Hundred only) per Equity Share ("Revised Offer Price").
2. The Acquirer will pay the Revised Offer Price for all the Equity Shares validly tendered any time during the Offer & accepted under the Offer. |
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