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This Article is From Aug 12, 2011

SHREE RAM MILLS LTD. - Open Offer

Aryaman Financial Services Ltd ("Manager to the Offer"), on behalf of Hanumesh Realtors Pvt Ltd ("HRPL"); Mandakini Hospitality Private Ltd ("MHPL") and Yashaswini Leisure Pvt Ltd ("YLPL") ("Acquirers") has informed this Public Announcement ("PA") to the shareholders of Shree Ram Urban Infrastructure Ltd ( formerly known as Shree Ram Mills Ltd ) ("Target Company"), pursuant to and in compliance with, among others, Regulations 11(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto ("Regulations"). The Offer: This Offer is being made by the Acquirers to the Public Equity Shareholders (i.e. Shareholders other than existing Promoter Group) of the Target Company ("Public Shareholders") to acquire 82,26,908 (Eighty Two Lacs Twenty Six Thousand Nine Hundred and Eight) fully paid up Equity Shares of face value of Rs. 10/- each, constituting 20% of the Emerging Voting Capital of the Target Company, at a price of Rs. 147/- (Rupees One Hundred and Forty Seven Only) per fully paid up Equity Share ("Offer Price") aggregating Rs. 1,20,93,55,476/- (Rupees One Hundred Twenty Crores Ninety Three Lacs Fifty Five Thousand Four Hundred and Seventy Six Only) ("Offer Size"), payable in cash in accordance with the SEBI (SAST) Regulations and subject to the terms and conditions mentioned in PA & the Letter of Offer ("Offer"). Schedule of Activities: Specified Date - August 05, 2011. Date of Opening of the Offer - September 14, 2011 Date of Closing of the Offer - October 03, 2011

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