Open Offer for Alfa Laval India Ltd at Rs.875

HSBC Securities & Capital Markets (India) Pvt Ltd ("Manager to the Offer") for and on behalf of Alfa Laval AB (publ) ("Acquirer"), through its subsidiary Alfa Laval Corporate AB ("PAC") has issued this Public Announcement ("PA") to the shareholders of Alfa Laval India Ltd ("Target Company"), pursuant to and in compliance with among others, Regulation 11(2A) of the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 and subsequent amendments thereto (the "Regulations").

The Offer

The Acquirer is making an Open Offer ("Offer" or the "Open Offer") to the shareholders of the Target Company to acquire upto 4,702,500 fully paid up equity shares of Rs 10/- each of the Target Company (each a "Share"), representing 25.89% of the total paid up voting equity share capital of Target Company as on February 23, 2007. The Offer is being made at a price of Rs 875/- for each Share ("Offer Price"), to be paid in cash, in accordance with the provisions of the Regulations and subject to the terms & conditions mentioned in PA & Letter of Offer.

Save and except Alfa Laval Corporate AB ("PAC"), no other person is acting in concert with the Acquirer for the purpose of the Offer. The Acquirer shall not be acquiring any Shares under this Offer, hut shall be acquiring the Shares through its subsidiary, the PAC.

Schedule of Activities

Specified Date: March 16, 2007

Date of Opening of the Offer: April 19, 2007

Date of Closing of the Offer: May 08, 2007

Source : Equity Bulls

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