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Ashika Capital Ltd (”Manager to the Offer”) on behalf of N N Financial Services Pvt Ltd, Nimbus (India) Ltd, Mr. Bipin Agarwal & Mr. Swaran Singh (”Acquirers”) has issued this Post Offer Public Announcement to the shareholders of Industrial Investment Trust Ltd (”Target Company”), which is in continuation of and should be read in conjunction with, the Public Announcement (”PA”) dated August 06, 2007 & January 09, 2008 in terms of Securities & Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 and subsequent amendments thereto (”Regulations”) to acquire upto 20,00,000 equity shares of Rs 10/- each representing 20% of the voting capital of the Target Company at a price of Rs 111/- (”Offer Price”) payable in cash.

Details of acquisition:

Sr. No.

Item

Proposed in the     Offer Document
Actual     


1.
Offer Price (Fully Paid up Equity Shares)
Rs 111/- per share
Rs 111/- per share


2.
Shareholding of Acquirer(s) before MOU/PA
229,377 (2.29%)
229,377 (2.29%)


3.
Shares  acquired by way of     MOU or Market Purchases
4,888,097 (48.88%)
4,888,097 (48.88%)


4.
Shares acquired in the Open Offer
2,000,000 (20.00%)
952,842 (9.53%)


5.
Size of the Open Offer (No. of shares multiplied     by Offer price per share)
Rs 22,20,00,000
Rs 10,57,65,462


6.
Shares acquired after PA but before 7 working     days prior to closure date, if any
Nil
Nil


7.
Post offer Shareholding of Acquirer(s)
7,117,474 (71.17%)
6,070,316 (60.70%)


8.
Pre & Post Offer shareholding of     Public
Pre Offer
Post Offer
Pre Offer
Post Offer


4,882,526 (48.83%)
2,882,526 (28.83%)
4,882,526 (48.83%)
3,929,684 (39.30%)

Tags: Industrial Investment

This entry was posted on Friday, February 22nd, 2008 at 7:53 am and is filed under Company News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.