Open Offer for Dr Agarwals Eye Hospital at Rs.43.10

Karvy Investor Services Ltd ("Manager to the Offer") on behalf of Dr. J Agarwal, Dr. (Mrs.) T Agarwal, Dr. Athiya Agarwal, Dr. Adil Agarwal, Dr. Anosh Agarwal, ("Acquirers") have issued this Public Announcement ("PA") to the shareholders of Dr Agarwals Eye Hospital Ltd ("Target Company"), pursuant to Regulation 11(1) and other provisions of Chapter III of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto ("the Regulations").

The Offer

The Acquirers are making an offer to the shareholders of target Company to acquire 9,00,000 fully paid up equity shares of Rs 10/- each of the target Company, representing 20% of the outstanding voting equity share capital (post Preferential issue) of the Target Company, at a price of Rs 43.10 per fully paid up equity share ("the Offer Price") payable in cash in terms of Regulation 20 and 21 of the Regulations (the "Offer" or "Open Offer").

Schedule of Activities

Specified Date: March 09, 2007

Date of Opening of the Offer: April 09, 2007

Date of Closing of the Offer: April 28, 2007

Source : Equity Bulls

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