Vivro Financial Services Pvt Ltd (Manager to the Offer) on behalf of Mr. Kailash Hardattrai Biyani and Mr. Kishore Mohatta (Acquirers) has issued this Post Offer Public Announcement to the shareholders of Paraan Ltd (Target Company) which is in continuation of and should be read in conjunction with the Pubic Announcement (PA) dated November 23, 2007 & Corrigendum to the PA dated February 06, 2008, in compliance with & pursuant to Regulation 10 and 12 of the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 and amendments thereto (Regulations), to acquire 5000 (Five thousnad only) equity shares, representing 20% of the total issued & subscribed equity share capital & the voting equity share capital of Target Company at a price of Rs 180/- (Rupees One Eighty only) per Fully paid up equity share payable in cash.
The terms used but not defined in this announcement shall have the same meaning as given the PA.
Sr. No. Item Proposed in the Offer Document Actuals 1. Offer Price Rs 180/- per fully paid up shares Rs 180/- per fully paid up shares 2. Shareholding of Acquirer (No & %) before Share Purchase Agreement Nil Nil 3. Shares acquired by way of Share Purchase Agreement (No & %) No of Shares % No of Shares % 9365 37.46 9365 37.46 4. Shares acquired in the open offer (No & %) No of Shares % No of Shares % 5000 20 2100 8.40 5. Size of Open Offer (No. of shares multiplied by Offer price per share) Rs 9,00,000/- Rs 3,78,000/- 6. Shares acquired after PA but before 7 working days prior to closure date, if any (No & %)
Nil Nil 7. Post offer Shareholding of the Acquirer (No & %) No of Shares % No of Shares % 14365 57.46 11465 45.86 8. Post offer share holding of Public (No. & %) Pre Offer Post Offer Pre Offer Post Offer No of Shares: 15635 10635 15635 13535 Percentage: 62.54 42.54 62.54 54.14 9. Status of the escrow account whether released or not The amount in the Escrow Account shall be released in due course of time. 10 Payment of interest, if any, to the shareholders along with the details thereof. Not Applicable 11 Status of investors complaints received, if any. Nil
The terms used but not defined in this announcement shall have the same meaning as given the PA.
Sr. No. Item Proposed in the Offer Document Actuals 1. Offer Price Rs 180/- per fully paid up shares Rs 180/- per fully paid up shares 2. Shareholding of Acquirer (No & %) before Share Purchase Agreement Nil Nil 3. Shares acquired by way of Share Purchase Agreement (No & %) No of Shares % No of Shares % 9365 37.46 9365 37.46 4. Shares acquired in the open offer (No & %) No of Shares % No of Shares % 5000 20 2100 8.40 5. Size of Open Offer (No. of shares multiplied by Offer price per share) Rs 9,00,000/- Rs 3,78,000/- 6. Shares acquired after PA but before 7 working days prior to closure date, if any (No & %)
Nil Nil 7. Post offer Shareholding of the Acquirer (No & %) No of Shares % No of Shares % 14365 57.46 11465 45.86 8. Post offer share holding of Public (No. & %) Pre Offer Post Offer Pre Offer Post Offer No of Shares: 15635 10635 15635 13535 Percentage: 62.54 42.54 62.54 54.14 9. Status of the escrow account whether released or not The amount in the Escrow Account shall be released in due course of time. 10 Payment of interest, if any, to the shareholders along with the details thereof. Not Applicable 11 Status of investors complaints received, if any. Nil
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