Sameer Gehlaut announces Open Offer for BAG Films

Citigroup Global Markets India Pvt Ltd ("Manager to the Offer"), on behalf of Mr. Sameer Gehlaut (the "Acquirer") has issued this Public Announcement ("PA") to the equity shareholders of BAG Films Ltd (Target Company), pursuant to Regulation 10 of the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 and subsequent amendments thereto (the "SEBI (SAST) Regulations") has announced as below:

The Offer:

The Acquirer is making a mandatory offer to acquire up to 18,067,018 fully paid-up equity shares of Rs 2/- each ("Shares"), representing 20% of the paid-up equity share capital of the Target Company as on April 17, 2007 which is the date that is fifteen days from the date of closure of the Offer, at a price of Rs 13/- per Share ("Offer Price") payable in cash, subject to the terms and conditions mentioned.

Schedules of Activities

Specified Date: February 08, 2007

Date of Opening of the Offer: March 13, 2007

Date of Closing of the Offer: April 02, 2007

Source : Equity Bulls

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