James Hotel Promoters increase stake by 1.39% through open offer

Master Capital Services Ltd ("Manager to the Offer") on behalf of Sh. Ajmair Singh Bhullar and Sh. Haravtar Singh Arora ("Acquirers") and Sh. Bhupinder Singh, Sh. Gurdit Singh, Sh. Kanwaljit Singh, Sh. Paramjit Singh, Sh. Ajit Pal Singh (Persons Acting in Concerts (PACs) ), has issued this post offer public announcement to the equity shareholder of James Hotel Ltd ("Target Company"), which is in continuation of and should be read in conjunction with the original Public Announcement ("PA") dated March 01 & 02, 2006, the revised public announcement dated August 01, 2006, the Letter of Offer dated August 04, 2006.

The details are as under:

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	Item				Proposed in the		Actuals

					offer Document

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1. Offer Price per fully paid share		Rs 18			Rs 18



2. Shares acquired in the Open		16,00,100 (20%)		1,11,000 (1.39%)

Offer (No. & %)



3. Post Offer shareholding of 		56,83,940 (71.04%)		41,94,840 (52.43%)

acquirer (No. & %)

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Source : Equity Bulls

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