Dr Agarwals Eye Hospital announces Post Offer Status

Karvy Investor Services Ltd ("Manager to the Offer") on behalf of Dr. J Agarwal, Dr. (Mrs.) T Agarwal, Dr. Athiya Agarwal, Dr. Adil Agarwal, Dr. Anosh Agarwal ("Acquirers") and Dr Agarwal's Eye Institute Pvt Ltd, Dr Sunita Agarwal, Dr Ashvin Agarwal, Mr Ashar Agarwal, Mrs Saroj Bala, Dr R R Sasikanth, Mr Pankaj Sondhi & Dr Amar Agarwal ("PACs"), has issued this Post Offer Public Announcement to the shareholders of Dr Agarwals Eye Hospital Ltd ("Target Company"), which is in continuation of and should be read in conjunction with the original Public Announcement ("PA") dated February 15, 2007, to acquire 9,00,000 fully paid up equity shares of Rs 10/- each of the Target Company, at a price of Rs 43.10 per share, representing 20% of the outstanding voting capital.

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 43.10 			Rs 43.10
2. Shares acquired in the	9,00,000 (20%) 			18,586 (0.41%)
open offer (No & %)
3. Post offer Shareholding	26,22,275 (58.27%) 		17,40,861 (38.69%)
of Acquirers (No & %)
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The post issue shareholding of the Acquirers alongwith the PACs in the target Company is 26,12,374 (58.05%).

Source : Equity Bulls

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