Open Offer for Systematix Corporate at Rs.30

Ashika Capital Ltd ("Manager to the Offer"), for and on behalf of Superstar Exports Pvt Ltd, Mr C P Khandelwal, Mrs. Anju Khandelwal & Mr. Nikhil Khandelwal ("Acquirers") has issued this Public Announcement to the shareholders of Systematix Corporate Services Ltd ("Target Company"), pursuant to and in compliance with among others, regulation 10 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto ('Regulations').

The Offer:

The Acquirers making this Open Offer ('Offer') to the shareholders of the Target Company ('except Promoters and Proposed allottees') and propose to acquire upto 40,18,800 equity shares of Rs 10/- each, representing 20% of the fully expanded voting capital of the Target Company (including the proposed allotment of Shares as well as Warrants under the Preferential Issue), at a price of Rs 30/- per fully paid-up share & Rs 25/- per partly paid-up share ('Offer Price') payable in cash in terms of regulations 20 of the Regulations.

Schedule of Activities

Specified Date - September 14, 2007

Date of Opening of the Offer - October 19, 2007

Date of Closing of the Offer - November 07, 2007

Source : Equity Bulls

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