Nagarjuna Agri announces Post Open Offer Status

Keynote Corporate Services Ltd ("Manager to the Offer"), on behalf of Sweet Solutions Ltd ("Acquirer"), has issued this Post Offer Public Announcement to the equity shareholders of Nagarjuna Agri Tech Ltd ("Target Company"), which is in continuation of and should be read in conjunction with the Public Announcement dated April 04, 2006, pursuant to and in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto, to acquire 20,18,880 equity shares, representing 20% of the paid-up equity capital of the Target Company at a price of Rs 10.00 per fully paid up equity shares payable in cash are as under:

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Item				Proposed in the 		Actuals
				offer document
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1. Offer Price			Rs 10.00			Rs 10.00

2. Shares acquired in the	20,18,880 (20.00%)	 	1,39,500 (1.38%)
   open offer (No & %)

3. Post offer Shareholding	60,18,880 (59.62%) 		41,39,500 (41.01%)
   of Acquirer* (No & %)
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* Shareholding percentages have been calculated on the present paid-up capital of the target company and after considering preferential allotment of equity shares/warrants (assuming conversion of warrants to the fullest extent) to Acquirer.

Source : Equity Bulls

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