Weizmann Fincorp Post Open Offer Status

Ashika Capital Ltd ("Manager to the Offer") on behalf of Trade Apartments Ltd ("Acquirer"), has issued this Post Offer Public Announcement to the shareholders of Weizmann Fincorp Ltd ("Target Company"), which is in continuation of and should be read in conjunction with the Public Announcement ("PA") dated March 24, 2006 and September 22, 2006 in terms of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 and subsequent amendments thereto, to acquire upto 77,700 fully paid up equity shares of Rs 10/- each, representing 31.71% of the paid up and voting equity share capital (Listed Shares) at a price of Rs 63.50/- per share of the Target Company. The details are as under:

-------------------------------------------------------------------------------------
Item				Proposed in the 		Actuals
				offer Document
------------------------------------------------------------------------------------------
1. Offer Price			Rs 63.50 (including	Rs 63.50 (including
				interest of Rs 2.45)	interest of Rs 2.45)
				per share			per share

2. Shares acquired in		77,700 {31.71% of the	11,451 (4.67% of the
   the Open Offer			paid up and voting equity	paid up and voting
				share capital		equity share capital
				(Listed Shares)}		(Listed Shares)}

3. Post Offer shareholding 		1,75,700 {71.71% of the 	1,09,451 {44.67% of
   of acquirer			paid up and voting equity	the paid up and voting
				share capital		equity share capital
				(Listed Shares)}		(Listed Shares)}
		 
------------------------------------------------------------------------------------------

Payment of Interest, if any : Rs 2.45 towards interest @10 % p.a. for the delay period i.e. from June 14, 2006 to November 07, 2006.

Source : Equity Bulls

Keywords