Open Offer for acquiring Yashraj Securities shares at Rs.94.5

Fedex Securities Ltd ("Manager to the Offer") on behalf of Shri. Kashyap Kanaiyalal Mehta, Shri. Atul Shamji Bharani, Shri. Vishram Sawant & Parshwa Fintrade Consultants Pvt Ltd ("Acquirers") has issued this Public Announcement ("PA") to the equity shareholders of Yashraj Securities Ltd ("Target Company"), pursuant to and in compliance with regulations 10 & 12 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations 1997, [ SEBI (SAST) Regulations 1997] and subsequent amendments thereto.

The Offer:

The Acquirers are making an Open Offer to the shareholders of the Target Company to acquire up to 2,04,543 equity shares of Rs 10/- each, representing 20% of issued, subscribed paid up and voting Capital of the Target Company, at a price of Rs 94.50 per equity share fully paid up ("Offer Price"), payable in cash ("Offer"), subject to the terms & conditions.

Schedule of Activities

Specified Date: October 11, 2006

Date of Opening of the Offer: November 08, 2006

Date of Closing of the Offer: November 27, 2006

Source : Equity Bulls

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