JM Financial Consultants Pvt Ltd ("Manager to the Offer") on behalf of BASF SE ("Acquirer") has issued this Post Offer 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 under the Securities and Exchange of Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 (the "Regulations") to acquire upto 22.31% of the Voting Capital of Target Company at price of Rs 274 (revised to Rs 300) per equity share, payable in cash are as follows.
Details of Acquisition:
| Sr. No. | Item | Proposed in the Offer Document | Actual | | | | (No) | (%) | (No) | (%) | | 1. | Offer Price | Rs. 274 | | Rs. 300 (After Revision) | | | 2. | Shareholding of Acquirer before MOU/Public Announcement | 14,853,020 | 52.69% | 14,853,020 | 52.69% | | 3. | Shares acquired by way of MOU* | Nil | Nil | Nil | Nil | | 4. | Shares acquired in the Open Offer | 6,289,591 | 22.31% | 5,213,222 | 18.49% | | 5. | Size of the Open Offer ( No of shares multiplied by offer Price per share) | Rs 1,886,877,300 | | Rs 1,563,966,600 | | | 6. | Shares acquired after PA but before 7 working days prior to closure date, if any (No & %) | - | | - | | | 7. | Post Offer shareholding of Acquirer | 21,142,611 | 75.00% | 20,066,242 | 71.18% | | 8. | Pre Offer shareholding of Public | 13,337,128 | 47.31% | 13,337,128 | 47.31% | | 9. | Post Offer shareholding of Public | 7,047,537 | 25.00% | 8,123,906 | 28.82% | * Promoter is same as the Acquirer since the present offer is voluntary consolidation of holdings under Regulation 11 of SEBI (SAST) Regulations. |