Stock Report

Choice International announces Post offer status



Posted On : 2007-02-14 12:11:39( TIMEZONE : IST )

Choice International announces Post offer status

Fedex Securities Ltd ("Manager to the Offer") on behalf on Tenet Bio-Pharma Pvt Ltd ("Acquirer") has issued this Post Offer Public Announcement to the equity shareholders of Choice International Ltd ("Target Company") which is in continuation of and should be read in conjunction with the original Public Announcement ("PA") dated October 05, 2006 and corrigendum to PA dated January 11, 2007. The details are as under:

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	Item					Proposed		Actual		
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1. Offer price for fully paid shares		Rs 4.50			Rs 4.50

2. Shares acquired in the open Offer		7,66,180		3,000
    (No. & %)					20.00%			0.08%

3. Post offer Shareholding of Acquirer		22,54,075		14,90,895
  (No & %)					(58.84%)		(38.92%)
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Source : Equity Bulls

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