Arrow Webtex - Updates on Open Offer to the shareholders of Advani Hotels & Resorts India
YES BANK Ltd (”Manager to the Offer”) on behalf of Delta Hospitality Pvt Ltd (formerly known as Fasttrack Impex Pvt Ltd) (”Acquirer”) along with Arrow Webtex Ltd (”Person Acting in Concert”/”PAC”) has issued this Corrigendum to the Public Announcement to the shareholders of Advani Hotels & Resorts India Ltd (”Target Company”), which is in continuation of and should be read in conjunction with the Pubic Announcement (”PA”) dated February 29, 2008, pursuant to and in compliance with among others, Regulation 10 of the Securities & Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 and subsequent amendments thereto (” SEBI Takeover Regulations”).
The Shareholders of the Target Company are requested to note the following:
Revised Schedule of Activities
------------------------------------------------------------------------------------------ Activity Original Schedule Revised Schedule ------------------------------------------------------------------------------------------ Specified Date March 07, 2008 March 07, 2008 Date of Opening of the Offer April 24, 2008 May 26, 2008 Date of Closing of the Offer May 13, 2008 June 14, 2008 ------------------------------------------------------------------------------------------
