Open Offer for Mediaone Global at Rs.55

Ashika Capital Ltd ("Manager to the Offer"), for and on behalf of Shri. Pathee Investments Pvt Ltd ("Acquirer") has issued this Public Announcement ("PA") to the shareholders of Mediaone Global Entertainment Ltd ("Target Company"), pursuant to regulation 10 & 12 in compliance with the 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 the shareholders of the Target Company other than the existing promoters to acquire upto 94,000 equity shares of Rs 10/- each of the Target Company representing 20% of the post issue equity & voting capital at a price of Rs 55/- per equity share ("Offer Price") payable in cash.

Schedule of Activities:

Specified Date: February 03, 2007

Date of Opening of the Offer: March 15, 2007

Date of Closing of the Offer: April 03, 2007

Source : Equity Bulls

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