Tata Tea Updates on Open Offer to the shareholders of Mount Everest Mineral Water

DSP Merrill Lynch Ltd ("Manager to the Offer"), on behalf of Tata Tea Ltd ("Acquirer") has issued this Corrigendum to the Public Announcement ("PA") to the shareholders of Mount Everest Mineral Water Ltd ("Target Company"), which is in continuation of, and should be read in conjunction with, the Public Announcement ("PA") dated June 04, 2007, pursuant to Regulation 10 and Regulation 12 and in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto (the "SEBI (SAST) Regulations"). The shareholders of the Target Company are requested to note the following:

1. Terms used but not defined in this Corrigendum shall have the same meaning as assigned in the PA.

2. Shareholders are requested to note that since the Acquirer and Manager to the Offer are in discussions with the Securities and Exchange Board of India ("SEBI") on certain issues relating to the draft letter of offer, the proposed date of opening of the open offer stated in the PA i.e. July 27, 2007 is postponed till further notice in this regard is published by the Manager to the Offer.

The entire timeline of the Open Offer has been delayed and the revised dated of the open offer would be communicated to the shareholders at an appropriate time.

Source : Equity Bulls

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