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Industrial Cabl
BSE: 504060NSE: ISIN: INE510J01011

5th-Sep-2008 15:41Source: BSE

Industrial Cables - Updates on Delisting Offer

Mefcom Capital Markets Ltd ("Manager to the Offer") on behalf of Mr Devinder Singh Chaudhry ("Acquirer"), has issued this Public Announcement to the Equity shareholders of Industrial Cables India Ltd ("Target Company"), which is in continuation of & should be read in conjunction with the Original Public Announcement ("PA") dated August 01, 2008, in respect of the proposed delisting of equity shares of the Target Company, ("Delisting Company"), pursuant to the Securities and Exchange Board of India (Delisting of Securities) Guidelines, 2003, ("Delisting Guidelines") 1. The Acquirer made a public announcement on August 01, 2008 seeking to acquire the public shareholding of 17,98,350 fully paid-up Equity shares ("Equity Shares") representing 21.50% of the paid-up share capital of the Delisting Company, for the purpose of delisting of the equity shares of the Delisting Company. The equity shares of the Delisting Company are at present listed on Bombay Stock Exchange Ltd (BSE), Delhi Stock Exchange Ltd (DSE), Jaipur Stock Exchange Ltd (JSE) and Ludhiana Stock Exchange Ltd (LSE) ("Stock Exchanges"). 2. The Reverse Book Building Process during which shareholders tendered their equity shares to the acquirer commenced on August 27, 2008 and closed on August 29, 2008 ("Bidding Period"). 3. The Exit Price (also the discovered price) determined from the Reverse Book Building Process as per the Delisting Guidelines is Rs 10/- per Equity shares. 4. The Acquirer subject to obtaining all relevant statutory approvals and the conditions to the Delisting Offer as specified in the public Announcement dated August 01, 2008 accept the Exit Price and Shall acquire all the Equity Shares that have been tendered upto and equal to the exit Price. 5. The Equity shares validly tendered in the Reverse Book Building Process that concluded on August 29, 2008 would be settled on the final Settlement Date (for Demat Shareholders) i.e. September 04, 2008 at the Exit Price.

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5th-Sep-2008 15:41Source: BSE

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