Parichay Investments Open Offer opens on December 7, 2006

Fedex Securities Ltd ("Manager to the Offer"), on behalf of Shri. Omi Bagadiya, Smt. Shobha Bagadiya, Shri. Anurag Agrawal & Smt. Ritu Agrawal ("Acquirers") has issued this Public Announcement ("PA") to the equity shareholders of Parichay Investments Ltd (Target Company), pursuant to and in compliance with Regulations 10 and 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 Acquirers are making an Offer to acquire 2,40,000 Equity Shares of Rs 10/- each, representing 20.00% of the issued, subscribed and voting capital, of the Target Company, at a price of Rs 11/- per Equity Share fully paid up (the "Offer Price"), payable in cash ("the Offer"), subject to the terms & conditions. There are no partly paid Equity Shares.

Schedule of Activities:

Specified Date: November 10, 2006

Date of Opening of the Offer: December 07, 2006

Date of Closing of the Offer: December 26, 2006

Source : Equity Bulls

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