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Aptech - Open Offer

18th July 2005: IL&FS Investmart Ltd ("Manager to the Offer") on behalf of M/s Aptech Investments ("Acquirer") pursuant to Regulations 10 & 12 of the Securities & Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 and subsequent amendments thereto (the "SEBI [SAST] Regulations", 1997) has announced as below:

The Offer

The Acquirer is making an offer under Regulation 10 & 12 of the SEBI (SAST) Regulations, 1997 to the equity shareholders of Aptech Ltd ("Target Company") to acquire up-to 68,90,000 fully paid up equity shares of Rs 10/- each, representing in the aggregate 20% of the fully diluted equity voting capital of the Target Company at a price of Rs 61 per share ("Offer Price") payable in cash and subject to the terms & conditions.

Schedule of Activities:

Specified Date: August 01, 2005

Date of Opening of the Offer: September 05, 2005

Date of Closing the offer: September 26, 2005.

United Van Der - Open Offer

16th July 2005: LKP Shares & Securities Ltd ("Manager to the Offer") on behalf of Mr. Ushpal Singh Sabharwal, Mr. Inderpal Singh Sabharwal, Mr. Jagmeet Singh Sabharwal & Mr. Dilprit Singh Sabharwal ("Acquirers") pursuant to Regulations 10 & 12 of the Securities & Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 and subsequent amendments thereto ("Regulations") has announced as below :

The Offer

The Acquirers are making the offer in terms of Regulation 10 & 12 of the Regulations to all the shareholders of United Van Der Horst Ltd ("Target Company") to acquire 799,100 fully paid up equity shares of the Target Company of face value of Rs 10/- each representing 20% of the issued & subscribed equity share capital & 20.01% of the voting capital in terms of Regulation 21(1) of the Regulations at a price of Rs 15 per equity share ("Offer Price") paid in cash in terms of Regulation 20 ("the Offer") of the Regulations.

Schedule of Activities:

Specified Date: July 15, 2005

Date of Opening of the Offer: September 05, 2005

Date of Closing the offer: September 24, 2005.

Bharti Healthcare - Public Announcement for proposed acquisition & delisting of shares

15th July 2005: DSP Merrill Lynch Ltd ("Manager to the Offer") on behalf of Bharti Overseas Trading Company ("Acquirer") in respect of the proposed acquisition and delisting of the fully paid-up equity shares of Bharti Healthcare Ltd ("Target Company") pursuant to the Securities & Exchange Board of India (Delisting of Securities) Guidelines, 2003 (the "Guidelines") has announced as below:

The Acquirer makes public announcement of an offer to the public shareholders of the fully paid up equity shares of the Target Company (being all shareholders other than the Acquirer) to tender their equity shares in the Target Company being 1,677,959 fully paid-up equity shares of Rs 10 each representing 18.07% of the share capital of the Target Company, to the Acquirer, on terms & conditions as set out.

The Acquirer intends to acquire the shares at the Floor Price of Rs 82.60 per share.

Schedule of Activities

Bid Opening Date: August 01, 2005

Bid Closing Date: August 05, 2005

Announcement of Discovered Price / Exit Price and Acquirer's Acceptance / Non-acceptance of Discovered Price / Exit Price: August 09, 2005.

Videocon Industries to raise Rs 5,000cr via GDRs or FCCBs

15th July 2005: The board of directors of Videocon Industries will meet on July 23, 2005 to consider a proposal to raise up to Rs 5,000 crore by issuing global depository receipts (GDRs) or foreign currency convertible bonds (FCCBs). This was announced in a release issued by the company to the BSE today.

Uttam Galva raises $30mn via FCCBs

13th July 2005: Uttam Galva Steel raised $30 million by issuing foreign currency convertible bonds (FCCBs), which will be listed on the Singapore stock exchange. "The FCCBs, which have a maturity of five years, offer a coupon of 2% payable semi-annually and a yield-to-maturity of 7.25% at the end of five years if not converted into equity shares during the period," the company said in a release issued to the BSE today. The conversion price has been fixed at Rs 64.46 per share, the release added. Macquarie Bank was the lead manager and sole book-runner for the offering, the release said.

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