CORRIGENDUM POST OFFER PUBLIC ANNOUNCEMENT
For the attention of the Shareholders of M/s. Kapil Cotex Limited (KCL)
(Registered Office – 354, Kalbadevi Road, Kalyan Bhavan, 2nd Floor, Near Swadesi Market, Mumbai – 400002)
This offer is pursuant to the Post Offer Public announcement made on 04.04.03. The Acquirer had made an offer to acquire 48,000 equity shares of KCL representing 20.00% of the issued and paid up equity share capital of KCL in response to which the Acquirer had acquired 19100 shares under the offer representing 7.96% of the issued and paid up equity share capital of KCL thereby making the post offer holding of the Acquirer to be 46.40% of the paid up equity share capital of KCL which is inclusive of 38.44% of the paid up share capital acquired under the agreement.
Point no. 8 as per the original post offer public announcement shall be read as hereinunder :
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8
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Pre & Post offer share holding of Public (No. & %)
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Pre Offer
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Post Offer
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Pre Offer
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Post Offer
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1,44,000
60.00%
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99,750
41.56% *
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1,44,000
60.00%
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1,28,650
53.60% *
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* inclusive of 1.56% held by the existing promoters.
In the Other Details the status of the Escrow account shall be read as hereinunder :
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Status of the escrow account,
whether released or not :
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90% of the amount lying in the escrow account has been transferred to the special account opened for the purpose of payments to be made to the shareholders whose shares have been accepted under the offer. The balance of 10% has been refunded to the Acquirer.
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Issued by: Manager To The Offer
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On Behalf of :
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Aryaman Financial Services Limited, 35, Atlanta, Nariman Point, Mumbai – 400 021.
Tel. : (022) 22826465/66, Fax : (022) 22826467
Email : aryaman@bom2.vsnl.net.in.
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M/s. S.R.V. Telecom Pvt. Ltd, (Acquirer)
9/20, 14th ‘E’ Cross, Industrial Town, Rajaji Nagar, Bangalore – 560044
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Place: Bangalore Date : 16/04/2003