Bombay Polymers Open Offer at Rs.43.5

Ashika Capital Ltd ("Manager to the Offer"), for and on behalf of Mr. Nitin Haridas Shenoy ("Acquirer") has issued this Public Announcement ("PA") to the equity shareholders of Bombay Polymers Ltd (Target Company), pursuant to and in compliance with Regulation 10 & 12 of the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 and subsequent amendments thereto (the "Regulations") has announced as below:

The Offer:

The Acquirer is now making this Open Offer ("Offer") to the shareholders of Target Company (other than the parties to the Agreement) to acquire from them up to 69,300 equity shares of Rs 10/- each, at a price of Rs 43.50 per share ("Offer Price"), representing 28% of its voting capital, payable in cash.

Schedule of Activities

Specified Date: December 22, 2006

Date of Opening of the Offer: February 02, 2007

Date of Closing of the Offer: February 21, 2007

Source : Equity Bulls

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