Market Commentary

Mphasis announces Post Open Offer Status of shareholding



Posted On : 2007-02-28 07:02:55( TIMEZONE : IST )

Mphasis announces Post Open Offer Status of shareholding

Citigroup Global Markets India Pvt Ltd ("Manager to the Offer"), on behalf of TH Holdings ("Acquirer") along with Electronic Data Systems Corporation (Person Acting in Concert ("PAC")) has issued this Post Offer Public Announcement to the shareholders of Mphasis Ltd (Target Company), which is in continuation of and should be read in conjunction with the original Public Announcement ("PA") dated October 19, 2006, Addendum to the Public Announcement dated January 26, 2007 & Addendum to the Public Announcement dated February 03, 2007, under the Securities & Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 and subsequent amendments thereto, to acquire upto 33,134,768 fully paid-up equity shares of Rs 10 each which represents 20% equity share capital of the Target Company at a price of Rs 204.50 per fully paid up equity share, payable in cash. The details are as under:

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Item					Proposed in the		Actual						
					Offer Document
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1. Offer price				Rs 204.50 per share	Rs 204.50 per share
2. Shares acquired in the open Offer	33,134,768		2,201   
(No. & %)				(20.00%)		(0.0013%)
3. Post offer Shareholding of Acquirer	116,134,768		83,002,201   
/ PAC (No & %)				(70.1%)			(50.1%)
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Source : Equity Bulls

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