Mahindra & Mahindra announces Post Open Offer Shareholding Status of Swaraj Engines

Kotak Mahindra Capital Company Ltd ("Manager to the Offer"), on behalf of Mahindra & Mahindra Ltd (M&M) & Mahindra Holdings & Finance Ltd (MHFL) ("Acquirers") has issued this Post Offer Public Announcement to the shareholders of Swaraj Engines Ltd ("Target Company"), which is in continuation of & should be read in conjunction with the Public Announcement ("PA") dated March 12, 2007, Corrigendum to PA dated on May 03, 2007 & Corrigendum public announcement dated May 21, 2007, under the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 ("Regulations") to acquire 2,483,964 fully paid up equity shares of Rs 10/- each, representing 20% of the outstanding voting equity capital of the Target Company at a price of Rs 151/- per fully paid up equity shares payable in cash.

The details of acquisition are as under:

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Item				Proposed in the 		Actual
				Letter of offer
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1. Offer Price			Rs 151 				Rs 151
(per fully paid up equity share)
2. Shares acquired in the
open offer (No & %)
i. M&M				2,483,964 (20%)			7,417 (0.06%)
ii. MHFL							Nil
Total				2,483,964 (20%)			7,417 (0.06%)
3. Post offer Shareholding
of Acquirer (No & %)
i. M&M				2,483,964 (20%)			7,417 (0.06%)
ii. MHFL							Nil
Total				2,483,964 (20%)			7,417 (0.06%)
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Source : Equity Bulls

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