Ishwar Bhuvan announces Post Offer Status of shareholding

Fedex Securities Ltd ("Manager to the Offer"), on behalf of ANS Constructions Ltd & Smt. Sangita P Bansal ("Acquirers") has issued this Post Offer Public Announcement to the equity shareholders of Ishwar Bhuvan Hotels Ltd (Target Company), which is in continuation of and should be read in conjunction with the original Public Announcement ("PA") dated December 23, 2006 & Corrigendum to PA made on February 24, 2007, in compliance with SEBI (Substantial Acquisition of Shares & Takeovers Regulations), 1997 and subsequent amendments thereof.

The details are as follows:

------------------------------------------------------------------------------------------
Item				Proposed in the 		Actuals
				offer document
------------------------------------------------------------------------------------------
1. Offer Price (fully paid up)	Rs 4.50				Rs 4.50
2. Share acquired in the	18,50,000 (33.38%) 		2,31,400 (4.17%)
open offer
3. Post offer Shareholding	41,20,000 (74.34%) 		25,01,400 (45.13%)
of Acquirers
------------------------------------------------------------------------------------------

Source : Equity Bulls

Keywords