Open Offer for Benzo Petro shareholders

Ashika Capital Ltd ("Manager to the Offer"), on behalf of Mr. Jasbir Singh Sodhi ("Acquirer") has issued this Public Announcement ("PA") to the shareholders of Benzo Petro International Ltd ("Target Company"), pursuant to and in compliance with Regulations 10 & 12 of Securities & Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto ("Regulations"), has announced as below:

The Offer

The Acquirer is making an Open Offer to the shareholders of the Target Company (other than the parties to the agreement), to acquire from them upto 22,19,050 fully paid up equity shares of Rs 10/- each of the target Company, representing 20% of its voting equity share capital, at a price of Rs 2.50 per share ("Offer Price") payable in cash ("Offer" or "Open Offer").

Schedule of Activities

Specified Date: April 07, 2007

Date of Opening of the Offer: May 18, 2007

Date of Closing of the Offer: June 06, 2007

Source : Equity Bulls

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