Open Offer for Jaihind Synthetics at Rs.6

Fedex Securities Ltd ("Manager to the Offer") on behalf of Shri Mihir D Karia, Shri Meghji G Patel, Shri Hasmukh G Patel & Shri Paresh V Savani ("Acquirers"),has issued this Public Announcement ("PA"), to the Equity Shareholders of Jaihind Synthetics Ltd ("Target Company"), pursuant to and in compliance with Regulation 10 & 12 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 1997 [SEBI (SAST) regulations 1997] and Subsequent amendments thereto.

The Offer :

The Acquirers are making this Open Offer ("Offer") to the Public Shareholders of Target Company to acquire 9,60,000 Equity Shares of Rs 10/- each representing 20.00% of issued & subscribed capital of the Target Company. The offer is at a price of Rs 6/- per equity share fully paid up and at Rs 1/- per partly paid up Equity Share (the Offer Price) payable in cash (the Offer), subject to the terms and conditions. The offer price for partly paid Equity Shares have been worked out as the difference between the offer price and amount unpaid per partly paid share.

Schedules of Activities :

Specified Date : October 21, 2006.

Date of Opening of the Offer : November 15, 2006.
Date of Closing of the Offer : December 04, 2006.

Source : Equity Bulls

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