Blackstone Group announces Open Offer for Sparsh BPO at Rs.200

JM Financial Consultants Pvt Ltd ("Manager to the Offer") on behalf of SKR BPO Services Pvt Ltd ("Acquirer") & Blackstone GPV Capital Partners Mauritius V-B Ltd, Blackstone GPV Capital Partners Mauritius V-B Holding Ltd & SKM Technology Ventures Pvt Ltd (acting as the trustee of the SKM Trust) being Persons Acting in Concert with the Acquirer ("PACs") and Intelenet Global Services Pvt Ltd being Deemed Person Acting in Concert with Acquirer ("DPAC") has issued this Public Announcement ("PA") to the shareholders of Sparsh BPO Services Ltd ("Target Company"), pursuant to Regulations 10 and 12 of, and in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 and subsequent amendments thereto [the "SEBI (SAST) Regulations"].

This Offer is being made by the Acquirer to the Public Shareholders of the Target Company to acquire up to 3,229,500 equity shares being 20% of the Voting Capital of the Target Company ("Offer Shares"). This offer is being made pursuant to Regulations 10 and 12 of the SEBI (SAST) Regulations, consequent upon the acquisition of the Sale Shares by the Acquirer which could also be regarded as an indirect acquisition of shares and of control of the Target Company and the acquisition of any further shares of the Target Company by the Acquirer under the terms of the agreement. This Offer is being made at a price of Rs 200 per fully paid up equity share ("Offer Price"), payable in cash in accordance with the SEBI (SAST) Regulations and subject to the terms and conditions mentioned in PA (the "Offer" or "Open Offer").

Schedule of Activities:

Specified Date: June 29, 2007

Date of Opening of the Offer: August 10, 2007

Date of Closing of the Offer: August 29, 2007

Source : Equity Bulls

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