Stock Report

TTK Healthcare promoters receive lukewarm response for Open Offer



Posted On : 2006-11-04 12:32:28( TIMEZONE : IST )

TTK Healthcare promoters receive lukewarm response for Open Offer

Inga Advisors Pvt Ltd ("Manager to the Offer") on behalf of Mr. TT Jagannathan, 
Mr. TT Raghunathan, Mrs. Latha Jagannathan and Mrs Bhanu Raghunathan as partners 
of M/s TT Krishnamachari & Co (TTK & Co) ("Acquirers") has issued this Post Offer 
Public Announcement to the equity shareholders of TTK Healthcare Ltd ("Target 
Company"), which is in continuation of and should be read in conjunction with the 
original Public Announcement ("PA") dated July 26, 2006, under the SEBI (Substantial 
Acquisition of Shares and Takeovers) Regulations, 1997, to acquire upto 16,22,083 
fully paid-up equity shares of Rs 10/- each representing 20.00% of the Equity Capital 
(Post Preferential Issue) of Target Company at a price of Rs 73/- per fully paid up 
equity share, payable in cash. The details are as under:


----------------------------------------------------------------------------------
Item			Proposed in the 		Actual
			offer document
----------------------------------------------------------------------------------
1. Offer Price		Rs 73/- 			Rs 73/- 
2. Shares acquired in the	16,22,083 (20.00) 		6,028 (0.07)   
open offer (No & %)
3. Post offer Shareholding	65,85,463 (81.20) 		49,69,408 (61.27)   
of Acquirer (No & %)
----------------------------------------------------------------------------------

Source : Equity Bulls

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