Open Offer for Lanco Global at Rs.43.80

UTI Securities Ltd ("Manager to the Offer") on behalf of Mr. K Venkateswara Rao, Mr. K Tejesh Kumar & Mr. K Venkata Subba Rao ("Acquirers") along with their associates Ms. Y Sirisha, Ms. Y Janaki, Ms. P Sridevi, Mr. D Janaradhan Sharma, Mr. C S Leeladhar, M/s. Firora Enterprises (Mauritius), M/s. Mundi Enterprises Ltd (Mauritius), M/s. Probus Capital Ltd (Mauritius) and M/s. Fingrowth Co. Ltd (Mauritius) ("Persons Acting in Concerts"/ PACs) has issued this Public Announcement to the equity shareholders to Lanco Global Systems Ltd ("Target Company") pursuant to and in compliance with Regulations 10 & 12 of the Securities & Exchange Board of India (Substantial Acquisition of Share & Takeover) SEBI (SAST) Regulations, 1997 and subsequent amendments thereto ("Regulations"):

The Offer

The Acquires & PACs are now making this Open Offer ("Offer") to the equity shareholders of the Target Company (other than Promoter shareholders of the Target Company & Parties to the share Purchase Agreement) to acquire 50,84,734 equity shares of Rs 10/- each representing 20% of its subscribed & voting capital at a price of Rs 43.80 per share ("Offer Price"), payable in cash.

Schedule of Activities

Specified Date: June 29, 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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