Open Offer for Corcomp Infosystems at Rs.142

Aryaman Financial Services Ltd ("Manager to the Offer") on behalf of Mr. Dayabhai Gajibhai Jivani, Mr. Jagdish Harjibhai Jivani, Mr. Savji Dungershibhai Patel & Mrs. Usha Savji Patel ("Acquirers") and M/s. Shyam Star Gems Ltd, M/s. Rainbow Jewels and M/s. Srusti Diam ("Person Acting in Concert / PACs") has issued this Public Announcement ("PA") to the shareholders of Corcomp Infosystems Ltd ("Target Company"), pursuant to Regulation 10 and 12 and other applicable provisions of Chapter III and in compliance with the Securities & Exchange Board of India (Substantial Acquisition of Shares & takeovers) Regulations, 1997 and subsequent amendments thereto ("Regulations").

The Offer

The Acquirers and PACs proposed to acquire minimum 40,000 equity shares representing 20% of the voting capital of the Target Company from the existing shareholders through the Open Offer at the rate of Rs 142/- per equity share for each fully paid up share.

Schedule of Activities

Specified Date: May 03, 2007

Date of Opening of the Offer: May 25, 2007

Date of Closing of the Offer: June 14, 2007

Source : Equity Bulls

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