Stock Report

Anil Special Steel announces Post Offer Status



Posted On : 2007-05-09 05:04:31( TIMEZONE : IST )

Anil Special Steel announces Post Offer Status

Chartered Capital And Investment Ltd ("Manager to the Offer") on behalf of Mr. Sudhir Khaitan ("Acquirer") alongwith PACs, has issued this Post Offer Public Announcement to the shareholders of Anil Special Steel Industries Ltd ("Target Company"), which is in continuation of and should be read in conjunction with the PA published on November 24, 2005 the Corrigendum to the PA published on March 16, 2007 and Letter of Offer dated March 16, 2007, in compliance with Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulation, 1997 and subsequent amendments thereto. The Details of acquisition are as under:

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Item				Proposed in the 		Actuals
				offer document
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1. Offer Price			Rs 23.41 			Rs 23.41
2. Share acquired in the	13,57,836 (20%*) 		2,320 (0.03%*)
open offer
3. Post offer Shareholding	38,33,015 (56.46%*) 		24,77,499 (36.49%*)
of Acquirer alongwith PACs
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Note: * This percentage has been calculated on the basis of Post Preferential Capital dated December 08, 2005.

Payment of Interest to the shareholders, if any : Rs 7911.20

Source : Equity Bulls

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