Adani Enterprises Ltd Updates on Open Offer

ICICI Securities Primary Dealership Ltd ("Manager to the Offer") on behalf of Adani Infrastructure Services Pvt Ltd ("Acquirer") has issued this Public Announcement to the shareholders of Adani Enterprises Ltd ("Target Company"), which is in continuation of and should be read in conjunction with the Public Announcement ("PA") dated February 15, 2007, pursuant to and in compliance with, Regulations 11(2A) and 21(3) of the Securities and other applicable provisions of the Securities & Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto ("SEBI (SAST) Regulations").

The Shareholders of the Target Company are requested to note the following:

The Schedule of Activity set forth in the Public Announcement ("PA") dated February 15, 2007 is delayed and a revised Schedule of Activity will be announced separately.

2. All other terms & conditions of the Open Offer as set forth in the Pubic Announcement dated February 15, 2007 remain unchanged.

Source : Equity Bulls

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