Alfa Laval Revises Open Offer price to Rs.1300

HSBC Securities & Capital Markets (India) Pvt Ltd ("Manager to the Offer") on behalf of Alfa Laval Corporate AB ("Acquirer") and Alfa Laval AB (publ)(the "PAC") has issued this Supplemental Public Announcement to the equity shareholders of Alfa Laval India Ltd ("Target Company"), which is in continuation of & should be read in conjunction with the original Public Announcement dated February 27, 2007, the subsequent public announcement dated April 23, 2007 ("PAs") and the Letter of Offer dated April 25, 2007 (the "Letter of Offer"), in compliance with Regulations 11(2A) of the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 and subsequent amendments thereto (the "Takeover Regulations").

The shareholders of the Target Company are requested to kindly note the following amendments with respect to the PAs and the Letter of Offer:

1. Upward Revision of Offer: In accordance with Regulation 26 of Takeover Regulations, the Acquirer intends to make an upward revision of the price of the Offer (the "Offer Price") to the shareholders of the Target Company as follows:

Offer Price (per fully paid up equity share of Target Company)

Original Offer: Rs 875.00
Revised Offer: Rs 1300.00

2. The Offer is for the acquisition of upto 4,702,500 fully paid up equity shares of face value of Rs 10/- each of the Target Company representing 25.89% of the Voting Capital of the Target Company at a revised Offer Price of Rs 1300.00 per fully paid up equity share (the "Revised Offer").

3. Consequent to the upward revision in the Offer Price, the total monetary value of the Revised Offer would be Rs 611,32,50,000.00/-.

Source : Equity Bulls

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