Winterthur Technologie AG Zug announces Open Offer for Wendt India at Rs.785

Kotak Mahindra Capital Company Ltd ("Manager to the Offer") for and on behalf of Winterthur Technologie AG Zug, Switzerland & Wendt GmbH, Germany ("Acquirers") acting in concert with each other, has issued this Public Announcement ("PA") to the shareholders of Wendt (India) Ltd ("Target Company"), pursuant to and in compliance with, among others, regulation 10 & regulation 12 of the Securities & Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 & subsequent amendments thereto ("Regulations").

The Offer

The Acquirers propose to acquire 400,000 shares of the Target Company ("Offer Size") representing 20% of the voting equity capital of the Target Company at a price of Rs 785/- for each share of the Target Company ("Offer Price"), to be paid in cash in accordance with the Regulations. The Offer is not subject to any minimum level of acceptance.

Schedule of Activities

Specified Date: August 03, 2007

Date of Opening of the Offer: September 20, 2007

Date of Closing of the Offer: October 09, 2007

Source : Equity Bulls

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