JRC Industries Open Offer at Rs.2.25

Puneet Advisory Services Pvt Ltd ("Manager to the Offer"), on behalf of Mr. Rushabh Jitendra Shah ("Acquirer") has issued this Public Announcement ("PA") to the equity shareholders of JRC Industries Ltd (Target Company), pursuant to and in compliance with Regulation 10 & 12 of Chapter III of the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 ("SEBI (SAST) Regulations" / "Regulations") and subsequent amendments thereto has announced as below:

The Offer:

The Acquirer are now making this open offer to acquire 15,01,980 fully paid equity shares of Rs 10/- each, representing 30% of the voting equity capital, of the Target Company at a price of Rs 2.25 per fully paid up equity share payable in cash ("Offer").

Schedule of Activities

Specified Date: December 29, 2006

Date of Opening of the Offer: January 24, 2007

Date of Closing of the Offer: February 21, 2007

Source : Equity Bulls

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