eWeb Univ Corrigendum to Open Offer

Chartered Capital & Investment Ltd ("Manager to the Offer") on behalf of Mr. Vimal Anand, Mr. Amit Anand, Mr. Deepak Anand and Mrs. Prem Anand ("Acquirers") has issued this Corrigendum to the Public Announcement ("PA") to the shareholders of eWeb Univ Ltd ("Target Company"), which is in continuation of and should be read in conjunction with the Original Public Announcement ("PA") dated October 06, 2006 and also for the obligations of the Acquirers as laid down in the SEBI (SAST) Regulations, 1997 and subsequent amendments made thereof. The Shareholders are requested to kindly note the following:

1. Revised schedule of Activities is as follows:

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Activity				Original Schedule		Revised Schedule
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Specified Date			October 13, 2006		October 13, 2006
Date of Opening of the Offer	November 24, 2006		December 15, 2006
Date of Closing of the Offer	December 13, 2006		January 03, 2007
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2. Mr. Vimal Anand and Mr. Amit Anand have been appointed as directors on the Board of Directors of the Target Company in terms of compliance of Regulation 22(7) of SEBI (SAST) Regulations, 1997.

3. Clause 6 of the Public Announcement be read as under:

"The Offer (assuming full acceptance) would result in public shareholding in the Target Company being reduced below the minimum level required as per the listing agreement entered with the Stock Exchange for the purpose of listing on continuous basis. The Acquirers in terms of the provisions of Clause 40A of the Listing Agreement will facilitate the Target Company to raise the level of public shareholding to the level specified for continuous listing within the time period specified thereon. Accordingly the Acquirer undertake to comply with the provisions of clause 40A viii (c) or (d) of the listing agreement in consultation with the stock exchange so as to maintain the minimum percentage of public shareholding in the Target Company required for continuous listing."

Source : Equity Bulls

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