Ondeo Nalco acquires accepts exit price of Rs.725 for Delisting Offer

Kotak Mahindra Capital Company Ltd ("Manager to the Offer"), on behalf of Nalco Holding Company & Nalco Company ("Acquirers") has issued this Public Announcement ("PA") in respect of the proposed acquisition and delisting of the equity shares of Ondeo Nalco India Ltd ("Target Company"), in accordance with the Securities and Exchange Board of India (Delisting of Securities) Guidelines 2003 ("Guidelines").

The Acquirers are pleased to announce that they have accepted the exit price of Rs 725/- per share ("Exit Price") and that they will acquire all shares validity tendered at or below this Exit Price by the Shareholders being 867,015 share of the equity capital of the Target Company.

A Public Announcement intimating the shareholders the Exit Price will be published in the financial daily on November 14, 2006.

Source : Equity Bulls

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