IDBI Capital Markets announces Post Offer Status of WPIL

IDBI Capital Market Services Ltd ("Manager to the Offer") on behalf of M/s. Asutosh Enterprises Ltd ("Acquirer") alongwith Mr. Prakash Agarwal and Hindustan Udyog Ltd acting as ("Person Acting in Concerts/PACs"), has issued this Post Offer Public Announcement to the equity shareholders of WPIL Ltd ("Target Company"), which is in continuation of and should be read in conjunction with the Open Offer (PA) dated July 11, 2006, Corrigendum to the PA dated November 06, 2006 and November 11, 2006 under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997, to acquire 15,93,416 fully paid-up equity shares of Rs 10/- each representing 20% of the voting capital of the Target Company at a price of Rs 32.45 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 32.45			Rs 32.452. 
Share acquired in the		15,93,416 (20%) 		5198 (0.06%)   
Open Offer (No & %)
3. Post offer Shareholding	28,83,035 (36.19%)		12,94,817 (16.25%)   
of Acquirer (No & %)
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Source : Equity Bulls

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