Open Offer announced for Securities Capital shareholders

Fedex Securities Ltd ("Manager to the Offer") on behalf of Shri Rajashekar S. Iyer ("Acquirer") has issued this Public Announcement ("PA") to the equity shareholders of Securities Capital Investments India Ltd ("Target Company"), pursuant to and in compliance with Regulation 11(1) of the Securities & Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 ("Regulations") and subsequent amendments thereto.

The Offer

The Acquirer is making an Open Offer to the Public Shareholders (i.e. shareholders other than the Acquirer & promoter group shareholders of the Target Company) of Target Company to acquire 6,88,172 Equity Shares of Rs 10/- each, at a price of Rs 52/- representing 21.50% of the issued, subscribed, paid up and voting Capital of the Target Company. The Offer is at a price of Rs 52/- per Equity Share fully paid up ("Offer Price"), payable in cash ("the offer"). There are no partly paid Shares.

Schedule of Activities

Specified Date - April 06, 2007

Date of Opening of Offer - May 03, 2007

Date of Closing of Offer - May 22, 2007

Source : Equity Bulls

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