eWeb Univ - Open Offer at Rs.1.50

Chartered Capital & Investment Ltd ("Manager to the Offer") on behalf of Mr. Vimal Anand, Mr. Amit Anand, Mr. Deepak Anand and Mrs. Prem Anand ("Acquirers") has issued this Public Announcement ("PA") to the equity shareholders of eWeb Univ Ltd ("Target Company"), pursuant to regulations 10 & regulation 12 as required under the Securities & Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 ("SEBI (SAST) Regulation, 1997") and subsequent amendments thereto, has announced as below:

The Offer:

The Acquirers intends to make an Open Offer in terms of the SEBI (SAST) Regulations, 1997 to the shareholders of the Target Company to acquire 49,800 equity shares of Rs 10/- each representing 20% of total paid up capital / voting share capital of the Target Company at a price of Rs 1.50 per fully paid up equity shares ("Offer Price") payable in cash, subject to the terms & Conditions.

Schedule of Activities

Specified Date: October 13, 2006
Date of Opening of the Offer: November 24, 2006
Date of Closing of the Offer: December 13, 2006

Source : Equity Bulls

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