Open Offer for Esab India at Rs.426

SBI Capital Markets Ltd ("Manager to the Offer") on behalf of Exelvia Group India B.V. ("Acquirer") along with Charter plc & ESAB Holdings Ltd ("Person Acting in Concert" / "PACs") has issued this Public Announcement to the equity shareholders/beneficial owners of Esab India Ltd ("Target Company"), pursuant to the Regulation 11(1) and other applicable provisions of the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 and subsequent amendments thereto ["SEBI (SAST) Regulations" or Regulations"].

The Offer

The Acquirers are making a voluntary offer to the shareholders of Target Company to acquire up to 3,078,604 fully paid up equity shares of Rs 10/- each, representing in the aggregate 20% of the total fully paid up equity share capital / voting capital of the Target Company at a price of Rs 426/- per share, payable in cash and subject to the terms & conditions mentioned in PA.

Schedule of Activities

Specified Date: July 13, 2007

Date of Opening of the Offer: August 17, 2007

Date of Closing of the Offer: September 05, 2007

Source : Equity Bulls

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