Hacked by islam_Bey imhatimi.org

Ashika Capital Ltd (”Manager to the Offer”) for & on behalf of Hakeem Auto Ltd (”Acquirer”) has issued this Post Offer Public Announcement to the shareholders of GG Automotive Gears Ltd (”Target Company”), which is in continuation of & should be read in conjunction with the Public Announcement (PA) dated December 27, 2006 & December 10, 2007, in terms of Securities & Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 and subsequent amendments thereto (the “Regulations”), to acquire upto 15,83,300 equity shares of Rs 10/- each representing 20% of the voting capital of the Target Company payable in cash whose details are as under:

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	Particulars						Amount (Rs)
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Offer Price Per Share						5.35
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Add: Interest on delay payment to all the Shareholders whose
     Shares has been accepted					0.45
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								5.80
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Add: Interest to Shareholders who were holding shares on
     February 03, 2003 & continue to hold the shares on
     the closure date of the Offer & whose shares
     have been accepted.						3.50
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TOTAL								9.30
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2. Details of the Acquisition:

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Item				Proposed in the 		Actuals
				offer document
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1. Offer Price			Rs 9.30 	 		Rs 9.30

2. Shares acquired in the		15,83,300 (20.00%) 	2,06,861 (2.62%)
   open offer

3. Post offer Shareholding		42,76,466 (54.02%) 	29,00,027 (36.64%)
   of Acquirer(S)
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