Stock Report

Vishal Malleables announce Post Offer Status



Posted On : 2007-05-14 07:29:20( TIMEZONE : IST )

Vishal Malleables announce Post Offer Status

BOB Capital Markets Ltd ("Manager to the Offer"), on behalf of Mr. Omprakash Khetan ("Acquirers") & Smt. Urmiladevi Khetan, Shri Sitaram Khetan, Shri Kailashchand Khetan, Smt. Saritadevi Khetan, Smt. Veenadevi Khetan, Smt. Rekhadevi Khetan, Shri Manoj Khetan, Shri Ashok Khetan, Shri Arvind Khetan, Smt. Asha Khetan (Person Acting in Concerts/PACs) has issued this Post Offer Public Announcement to the equity shareholders of Vishal Malleables Ltd ("Target Company"). The equity shareholders of the Target Company are requested to note the following:

The details of Acquisition are as under:

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Item					Proposed in the 		Actual
					Letter of offer
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1. Offer Price				Rs 41.85 			Rs 41.85
2. Shares acquired in the		390,000 (20%) 			27,257 (1.40%)
open offer (No & %)
3. Post offer Shareholding		965,815 (49.53%) 		603,072 (30.93%)
of Acquirer including PACs (No & %)
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Source : Equity Bulls

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