Mahindra & Mahindra revises Open Offer to the shareholders of Swaraj Engines

Kotak Mahindra Capital Company Ltd ("Manager to the Offer"), for & on behalf of Mahindra & Mahindra Ltd & Mahindra Holdings & Finance Ltd ("Acquirers") acting in concert with each other, has issued this Corrigendum to the Public Announcement ("PA"), to the shareholders of Swaraj Engines Ltd ("Target Company"), which is in continuation of & should be read in conjunction with the Public Announcement ("PA") dated March 12, 2007 and corrigendum to PA issued on May 03, 2007, pursuant to and in compliance with, among others, Regulation 12 and Regulation 10 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 as amended ("Regulations").

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

The revised Offer Programme is as under:

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Activity			Original Schedule	Revised Schedule
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Specified date			March 12, 2007		March 12, 2007
Date of Opening of the Offer	May 03, 2007		May 28, 2007
Date of Closing of the Offer	May 22, 2007		June 16, 2007
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The other terms and conditions of the Offer remain unchanged.

Source : Equity Bulls

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