Vision Corporation announces Post Open Offer Status

Ashika Capital Ltd ("Manager to the Offer") on behalf of Morries Trading Pvt Ltd, Mr. Ashok Kumar Mishra & Mrs. Punyam Mishra ("Acquirers"), has issued this Post Offer Public Announcement to the equity shareholders of Vision Corporation Ltd ("Target Company"), which is in continuation of and should be read in conjunction with the Public Announcement (PA) dated September 06, 2006 and November 30, 2006 in terms of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 and subsequent amendments thereto ('Regulations'), to acquire 10,14,100 equity shares of Rs 10/- each, representing 20% of its voting capital of the Target Company at a price of Rs 9.25 per share ('Offer Price') 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 9.25 per share		Rs 9.25 per share

2. Share acquired in the	10,14,100 (20.00%) 		2,49,850 (4.93%)
   open offer (No & %)

3. Post offer Shareholding	27,43,851 (54.12%) 		19,79,601 (39.05%)
   of Acquirer (No & %)
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Source : Equity Bulls

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