Devaki Hospital announces Post Open Offer Status of shareholding

Indbank Merchant Banking Services Ltd ("Manager to the Offer"), on behalf of Mr. A N Radhakrishnan ("Acquirer") and Mrs. R Gomathi and Mrs. D Meenakshi Ammal ("Person Acting in Concert" / "PACs") has issued this Post Offer Public Announcement to the shareholders of Devaki Hospital Ltd ("Target Company"), which is in continuation of and should be read in conjunction with the Public Announcement ("PA") dated September 11, 2006 and Corrigenda thereto dated September 18, 2006 ("First Corrigendum"), Second Corrigendum dated February 20, 2007 & Letter of Offer dated February 17, 2007, pursuant to and in compliance with, Regulation 10 & 12 of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 and subsequent amendments thereto, to acquire up to 14,94,000 fully paid up equity shares of the Target Company at a price of Rs 19.00/- payable per share in cash. The details of which are as under:

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Item				Proposed in the 		Actuals
				offer document
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1. Offer Price			Rs 19.00 			Rs 19.00
2. Shares acquired in the	14,94,000 (20%) 		8,47,122 (11.34%)
open offer
3. Post offer Shareholding	44,28,123 (59.29%) 		34,52,082 (46.22%)
of Acquirer
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Terms used but not defined in this Post Offer Public Announcement shall have the same meaning as assigned in the PA.

The stock closed the day at Rs.17.50. The stock hit an intraday high of Rs.17.90 and low of Rs.16.70. The total traded quantity was 2903 compared to 2 week average of 192828.

Source : Equity Bulls

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