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Jayavant Products - Open Offer

4th March 2005: Fedex Securities Ltd ("Manager to the offer") on behalf of Jyoti Bright Bar Ltd (hereinafter referred to as "Acquirer", which expression shall include its Directors, Shri Jitendra J Mehta and Shri Deven J Mehta who are Persons acting in Concert with the Acquirer), pursuant to and in compliance with Regulations 10 and 12 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations 1997 [SEBI (SAST) Regulations 1997] and subsequent amendments thereto as announced as below:

The Offer

The Acquirer is making an open Offer to the public Shareholders of Jayavant Products Ltd ("Target Company") to acquire 10,50,000 equity shares of Rs 10/- each, representing 20.00% of issued, subscribed and paid up capital of the Target Company, at a price of Rs 4/- (Rupees Four Only) per each Equity Share fully paid up ("Offer price"), payable in cash ("the Offer"), subject to the certain terms and conditions:

Specified Date: March 24, 2005

Date of Opening of the Offer: April 21, 2005

Date of Closing of the Offer: May 10, 2005

Pay Rs 10 tax on cash withdrawal of Rs 10,000

28th February 2005: To check tax evasion, Government on Monday proposed a tax at the rate of 0.1 per cent on cash withdrawals of over Rs 10,000 or more from banks on a single day. This is being done "since it is felt that large cash transactions become part of black money," Finance Minister P Chidambaram said presenting the 2005-06 General Budget in the Lok Sabha. "Thus, a person withdrawing Rs. 10,000 in cash would have to pay a sum of Rs 10 as tax," he said, observing the measure had being levied with a view to meeting the commitment made in the National Common Minimum Programme.

Sintex Industries - Revised Schedule of Activities for Open Offer

25th February 2005: Ambit Corporate Finance Pvt Ltd ("Manager to the Offer") on behalf of Lightwood Investment Ltd ("Acquirers") pursuant to and in compliance with Regulation 10 and in facts and circumstances of the case of acquisition of Shares in the Sintex Industries Ltd (Target Company) amounts to Change in control in terms of Regulation 2(1)(c) and Regulations 12 of the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 and subsequent amendments thereto has announced the Revised Schedule of Activities in its Revised Public Announcement which is in continuation of, and should be read in conjunction with, the earlier Public Announcement to the Shareholders of the Target Company:

Revised Scheduled of Activities:

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                                               Original Schedule                   Revised Schedule
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Specified Date:                         December 31, 2004                December 31, 2004
Date of Opening of the Offer       January 27, 2005                   March 02, 2005
Date of Closing of the Offer        February 16, 2005                   March 21, 2005
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Indiabulls GDRs priced at $2.45/share

25th February 2005: Indiabulls Financial Services has fixed the price of a $45 million Global Depository (GDR) issue, which is expected to be listed on the Luxembourg Stock Exchange. According to a release issued to the BSE, each GDR, representing one share of Rs 2 each, was priced at $2.45 (Rs 107) per GDR representing a discount of 5% to the average of last three days closing price of the shares on The National Stock Exchange. The company has granted an over-allotment option of up to $15 million to Merrill Lynch International - the lead manager and sole bookrunner for this offering. The GDR price was fixed after market trading hours on February 24, 2005, the release added.

Open Offer by Pantaloon Retail to the shareholders of Galaxy Entertainment

23rd February 2005: Edelweiss Capital Ltd ("Manager to the Offer") on behalf of Pantaloon Retail India Ltd ("Acquirer") pursuant to regulation 10 in compliance with Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto ("SEBI (SAST) Regulations") has announced as follows:

The Offer

The Acquirer is making an offer under Regulation 10 of the SEBI (SAST) Regulations to the Public shareholders of Galaxy Entertainment Corporation Ltd ("Target Company") to acquire upto 2,542,400 fully paid equity shares of Rs 10/- each, representing in the aggregate 20% of the Post issue voting capital at a price of Rs 51/- (Rupees Fifty One only) per share ("the Offer price") payable in cash subject to the terms & conditions mentioned.

Schedule of Activities

Specified Date: March 18, 2005

Date of Opening of the offer: April 14, 2005

Date of Closing of the Offer: May 04, 2005

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