Chartered Capital & Investment Ltd ("Manager to the Offer") on behalf of Kriti Corporate Services Pvt Ltd ("Acquirer") alongwith PACs has issued this Post Offer Public Announcement to the equity shareholders of Kriti Industries India Ltd ("Target Company"), which is in continuation of and should be read in conjunction with the Public Announcement (PA) dated September 14, 2006 and Corrigendum to the PA dated November 27, 2006 and Letter of Offer dated November 27, 2006, in compliance with Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulation, 1997 and subsequent amendments thereto and read with observations made by SEBI vide its letter dated Nov 16, 2006.
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Item Proposed in the Actual
offer document
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1. Offer Price Rs 27.50 Rs 27.50
2. Shares acquired in the 1,240,088 (20.00%) 10,100 (0.16%)
open offer (No & %)
3. Post offer Shareholding 3,732,188 (60.19%) 2,502,200 (40.35%)*
of Acquirer (No & %)
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* This percentage has been calculated on the basis of post preferential paid up capital of the target Company. |