Open Offer for Choice International at Rs.4.5

Fedex Securities Ltd ("Manager to the Offer") on behalf on Tenet Bio-Pharma Pvt Ltd ("Acquirer") has issued this Public Announcement ("PA") to the equity shareholders of Choice International 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 Acquirer is making an Open Offer to the Shareholders of the Target Company to acquire 7,66,180 equity shares of Rs 10/- each, at a price of Rs 4.50 per equity share fully paid up ("the Offer Price"), payable in cash (" the offer"), representing 20.00% of issued, subscribed, Paid up (net of shares forfeited) & voting Capital of the Target Company. Subject to the terms and conditions.

Schedule of Activities
Specified Date: October 27, 2006
Date of Opening of the Offer: November 22, 2006
Date of Closing of the Offer: December 11, 2006

Source : Equity Bulls

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