Yash Shelters announces open offer for Blue Circleat Rs.12.5

Ashika Capital Ltd ("Manager to the Offer"), on behalf of Yash Shelters Ltd ("the Acquirer") has issued this Public Announcement ("PA") to the equity shareholders of Blue Circle Services Ltd (Target Company), pursuant to and in compliance with Regulation 10 & 12 of Securities & Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 and subsequent amendments thereto ("Regulations") has announced as below:

The Offer:

The Acquirer is making this Offer to acquire upto 1,49,400 Equity Shares of Rs 10/- each at a price of Rs 12.50 per share ("Offer Price") representing 20% of its voting capital, payable in cash.

Schedule of Activities

Specified Date: November 24, 2006

Date of Opening of the Offer: January 04, 2007

Date of Closing of the Offer: January 23, 2007

Source : Equity Bulls

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