Stock Report

Temptation Foods Post Open Offer Status



Posted On : 2007-01-04 19:02:19( TIMEZONE : IST )

Temptation Foods Post Open Offer Status

Keynote Corporate Services Ltd ("Manager to the Offer") on behalf of Venture Business Advisors Pvt Ltd ("Acquirer"), has issued this Post Offer Public Announcement to the equity shareholders of Temptation Foods Ltd ("Target Company"), which is in continuation of and should be read in conjunction with the Offer made vide Public Announcement dated June 24, 2006, pursuant to and in compliance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 and subsequent amendments thereto, to acquire upto 33,83,420 equity shares representing 20% of the paid-up equity share capital of Target Company at a price of Rs 13.50 per fully paid up equity share payable in cash are as under:

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Item				Proposed in the 		Actuals
				offer document
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1. Offer Price			Rs 13.50/-			Rs 13.50/- 

2. Share acquired in the	33,83,420 (20.00%) 		2,05,200 (1.21%)
   open offer (No & %)

3. Post offer Shareholding	1,26,70,882 (74.90%) 		94,92,662 (56.11%)
   of Acquirer (No & %)
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Payment of Interest, if any : The Acquirer has paid interest of Rs 3.50 (@ 10% p.a) for the period of delay in complying with the Regulations, which has been included in the offer price.

Source : Equity Bulls

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