Stake Sale

DB Zwirn Mauritius acquires 10.35% of Dhandapani Finance through Open Offer



Posted On : 2006-11-01 09:29:19( TIMEZONE : IST )

DB Zwirn Mauritius acquires 10.35% of Dhandapani Finance through Open Offer

Keynote Corporate Services Ltd ("Manager to the Offer"), on behalf of D B Zwirn Mauritius ("Acquirer") has issued this Post Offer Public Announcement to the equity shareholders of Dhandapani Finance Ltd ("Target Company") which is in continuation of and should be read in conjunction with the original PA dated May 09, 2006, pursuant to and in compliance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulation 1997, & subsequent amendments thereto. The Details are as under:

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Item				Proposed in the			Actuals
				offer document
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1. Offer Price			Rs 58.00			Rs 58.00

2. Share acquired in the	11,90,864 (20.00%)		6,16,067 (10.35%)
   open offer (No. & %)

3. Post offer Shareholding	32,74,876 (55.00%)		30,36,703 (51.00%)
   of Acquirers (No. & %)
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Source : Equity Bulls

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