Open Offer for Commitment Capital at Rs.18.05

Chartered Capital & Investment Ltd ("Manager to the Offer"), on behalf of Srecko Indhan Ltd, Nandanvan Commercial (P) Ltd & Mr. PVV Satyanarayana ("Acquirers"), has issued this Public Announcement ("PA") to the Equity Shareholders of Commitment Capital Services Ltd ("Target Company"), pursuant to Regulation 10 & Regulation 12 as required under the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 ("SEBI(SAST) Regulations, 1997") & subsequent amendments thereto.

The Offer:

The Acquirers intends to make an Open Offer to the shareholders of Target Company to acquire 6,40,260 equity shares of Rs 10/- each representing 20.00% of the total paid up capital / voting share capital of Target Company at a price of Rs 18.00, calculated under Regulation 20(4) of SEBI (SAST) Regulations, 1997 and interest amount of Rs 0.05 calculated @ 10% p.a. for a period of one day from December 04, 2007, the schedule last date to make payment to shareholders under the offer taking September 06, 2007 as Triggered date to December 05, 2007, the schedule last date by which payment would be dispatched to the shareholders under the said Offer, aggregating Rs 18.05 per fully paid up equity shares ("Offer Price") payable in cash subject to the terms and conditions mentioned in PA.

Schedules of Activities :

Specified Date : October 05, 2007

Date of Opening of the Offer : November 02, 2007

Date of Closing of the Offer : November 21, 2007

Source : Equity Bulls

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