30th July 2005: New Cingular Wireless Services Inc., which through its subsidiary, holds 74.3561 crore equity shares of Idea Cellular (Idea), corresponding to 32.91% equity shares of Idea, has offered to sell its holding to the remaining founder-shareholders - A V Birla Group and Tata Industries - at an aggregate price of $300 million (approximately Rs 17.50 per share).

According to a release issued by Indian Rayon to the BSE today, the A V Birla Group has decided to accept the offer for acquisition by the company and its subsidiary companies, subject to necessary approvals.

"In the event Tata Industries also accepts the offer, the number of shares to be acquired by the company & subsidiary will reduce to around 38.32 crore shares," the release added.

20th July 2005: Aryaman Financial Services Ltd ("Manager to the Offer") on behalf of M/s Orient Semi Conductors Pvt Ltd & Mrs. Bhavna Mehta ("Acquirers"), pursuant to Regulation 10 of Chapter III & in compliance with the Securities & Exchange Board of India, Substantial Acquisition of Shares & Takeovers (SAST) Regulations, 1997 and subsequent amendments thereto ("Regulations") has announced as below:

The Offer

The Acquirer are making an open offer to the shareholders of Ruttonsha International Rectifier Ltd ("Target Company") to acquire a further 641448 equity shares representing 20.00% of the equity share capital at a price of Rs 4/- per equity share ("Offer Price") for fully paid up shares of Rs 10/- each, payable in cash.

Schedule of Activities:

Specified Date: July 27, 2005

Date of Opening of the Offer: September 10, 2005

Date of Closing the offer: September 29, 2005.

20th July 2005: SBI Capital Markets Ltd ("Manager to the Offer") for & on behalf of WILO AG, & Allied Centrifugal Pumps Pvt Ltd ("Acquirers"), in compliance with, among others, Regulations 10 & 12 of the Securities & Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 as amended ("Takeover Guidelines" or "Regulations") has announced as below:

The Offer

The Acquirer is making an offer to acquire up to 680,530 equity shares of Mather & Platt Fire Systems Ltd ("Target Company") of face value of Rs 10 each fully paid-up share representing 20% of the total outstanding voting equity share capital of the Target Company as on March 31, 2005, at a price of Rs 14.69 ("Offer Price") for each share of the Target Company, to be paid in cash in accordance with the Regulations.

Schedule of Activities:

Specified Date: July 19, 2005

Date of Opening of the Offer: September 09, 2005

Date of Closing the offer: September 28, 2005.

Chartered Capital & Investment Ltd ("Manager to the Offer") on behalf of Mr. Rakesh Bhhatia, Mrs. Arti Bhatia & Bharatiya Global Infomedia Ltd ("Acquirers") pursuant to Regulations 10 read with Regulation 12 of the Securities & Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 (the "SEBI [SAST] Regulations", 1997) and subsequent amendments thereto has announced as below:

The Offer

The Acquirer is making an offer in terms of SEBI (SAST) Regulations, 1997 to the equity shareholders of Nam Credit & Investment Consultants Ltd ("Target Company") to acquire 9,30,000 fully paid equity shares of Rs 10/- each, representing 20% of the total issued, subscribed, paid up & voting share capital of the Target Company at a price of Rs 3.25 per fully paid-up equity share ("Offer Price") payable in cash subject to the terms & conditions.

Schedule of Activities:

Specified Date: August 12, 2005

Date of Opening of the Offer: September 05, 2005

Date of Closing the offer: September 26, 2005.

20th July 2005: GHCL is planning to raise up to $100 million 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. The board meeting, which cleared the overseas float proposal, also approved preferential issue of 45 lakh warrants to promoters wherein one warrant entitles them to one equity share of Rs 10 each at a price to be determined in line with Sebi guidelines, the release added.