Dover Securities Open Offer at Rs.8

Chartered Capital & Investment Ltd ("Manager to the Offer"), on behalf of Money Matters (India) Pvt Ltd ("the Acquirer") along with Mr. Rajesh Sharma (Person Acting in Concert/ "PAC") has issued this Public Announcement ("PA") to the equity shareholders of Dover Securities Ltd (Target Company), pursuant to Regulation 10 and Regulation 12 as required under the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 ("SEBI (SAST) Regulations, 1997") and subsequent amendments thereto, has announced as below:

The Offer:

The Acquirer intends to make an Open Offer in terms of the SEBI (SAST) Regulations, 1997 to the shareholders of the Target Company to acquire 10,00,040 equity shares of Rs 10/- each representing 20.00% of the total paid up capital / voting share capital of the Target Company at a price of Rs 8/- per fully paid up equity share / Voting Rights ("Offer Price") payable in cash subject to the terms and conditions.

Schedule of Activities

Specified Date: December 19, 2006

Date of Opening of the Offer: January 19, 2007

Date of Closing of the Offer: February 07, 2007

Source : Equity Bulls

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