Gaurav Mehra announces Open Offer for Bhagyodaya Marketing shares at Rs.10

Fedex Securities Ltd ("Manager to the Offer"), on behalf of Shri Gaurav Mehra ("Acquirer") has issued this Public Announcement ("PA") to the equity shareholders of Bhagyodaya Marketing Company Ltd (Target Company), pursuant to and in compliance with Regulations 10 & 12 of the Securities & Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 (SEBI (SAST) Regulations 1997 / Regulations) and subsequent amendments thereto, has announced as below.

The Offer:

The Acquirer is making an Open offer to the public shareholders (i.e. shareholders other than the Acquirer, Promoter group shareholders and parties to the Agreement) of the Target Company to acquire 55,000 equity shares of Rs 10/- each, representing 36.67% of the issued, subscribed and voting capital of the Target Company, at a price of Rs 10/- per equity share fully paid up ("Offer Price"), payable in cash ("The Offer"), subject to terms & conditions. There are no Partly Paid equity shares.

Schedule of Activities

Specified Date: November 17, 2006
Date of Opening of the Offer: December 15, 2006
Date of Closing of the Offer: January 03, 2007

Source : Equity Bulls

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