Open Offer for Jalgaon Re-rolling at Rs 40

Fedex Securities Ltd ("Manager to the Offer") on behalf of Shri Shankarro A Borkar, Smt Sunanda S Borkar & Shri Amol S Borkar ("Acquirers") has issued this Public Announcement ("PA") to the Equity Shareholders of Jalgaon Re-rolling Industries Ltd ("Target Company"), pursuant to and in compliance with Regulation 10 & 12 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations 1997("Regulations") & Subsequent amendments thereto.

The Acquirers are making an Open Offer to the Public Shareholders (i.e. shareholders other than the Acquirers, promoter group Shareholders of Target Company and parties to the Agreement) of the Target Company to acquire 90,000 Equity Shares of Rs 10/- each, representing 20% of issued, subscribed, paid up & Voting Capital of the Target Company. The Offer is at a price of Rs 40 /- (Rupees Forty only) per Equity Share fully paid (the "Offer Price"), payable in cash ("the Offer"), subject to the terms & conditions mentioned in PA.

The Specified Date for open offer is October 30, 2009. The Date of Opening of the Offer is November 27, 2009 and the Date of Closing of the Offer is December 16, 2009.

Categories: JALGAON NEWS, THE NEWS