Syngenta India Ltd Updates on Delisting Offer

Syngenta South Asia AG ("Acquirer") had made an offer ("Offer") in accordance with the Securities and Exchange Board of India (Delisting of Securities) Guidelines, 2003 ("Guidelines") and by a public announcement issued on March 16, 2007 and a bid letter dated March 26, 2007 to acquire all outstanding shares of Syngenta India Ltd ("Target Company") not currently owned by itself or its affiliates, being 5,093,002 fully paid-up equity shares of Rs 10/- each of the Company (each, a "Share").

Pursuant to the Offer conducted in accordance with the Guidelines, the Acquirer has acquired 2,498,109 Shares at an exit price of Rs 730/- per Share and consequently the shareholding of Acquirer, together with its affiliate Syngenta Participation AG, has increased to approximately 91.86%. As a result, the public shareholding in the Company has fallen below the minimum public shareholding limit. Pursuant to the Offer, the shareholding of the Company has changed from:

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						Pre-Offer (%)		Post-Offer (%)
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Promoters (i.e. Acquirer & its affiliate,	84.02			91.86
Syngenta Participation AG)
Public						15.98			8.14
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Total						100.00			100.00
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Source : Equity Bulls

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