Open Offer for Savant Infocomm at Rs.10.50

Keynote Corporate Services Ltd ("Manager to the Offer") on behalf of Western India Steel Co. Pvt Ltd alongwith Mr. Bharat Parikh & Mrs. Mina Parikh ("Acquirers") has issued this Public Announcement to the equity shareholders of Savant Infocomm Ltd ("Target Company"), pursuant to Regulation 10 read with Regulation 12 of the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 ["SEBI (SAST) Regulations, 1997"] & subsequent amendments thereto ("Regulations").

The Offer

The Acquirers hereby announces an offer under the Regulations, to acquire by tender upto 6,76,060 fully paid-up equity shares of Rs 10/- each of the Target Company representing 20% of its paid up equity share capital from the remaining shareholders of the Target Company (other than "Sellers, Acquirers") on the terms & subject to the conditions set out in PA, at a price of Rs 10.50 per equity share ("Offer Price") payable in cash (the "Offer").

Schedule of Activities

Specified Date: July 20, 2007

Date of Opening of the Offer: August 16, 2007

Date of Closing of the Offer: September 04, 2007

Source : Equity Bulls

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