Jatia Finance – Open Offer
Fedex Securities Ltd (“Manager to the Offer”) on behalf of Shri. Anil Raika, Smt. Ambika Raika, Shri. Mahesh Saraf & Smt. Sarita Saraf (“Acquirers”) has issued this Public Announcement to the equity shareholders of Jatia Finance Ltd (“Target Company”) pursuant to and in compliance with Regulations 10 & 12 of the Securities and Exchange Board of India (Substantial Acquisition of Shares & takeovers) Regulations 1997 (“Regulations”) & subsequent amendments thereto.

Schedule of Activities
Date of Opening of the Offer – December 26, 2007
Date of Closing of the Offer – January 14, 2008

The Offer Details

The Acquires are making an Open Offer to the public shareholders (i.e. shareholders other than the Acquirers, promoter group shareholders of the Target Company and parties to the agreement) of the Target Company to acquire 10,00,120 equity shares of Rs 10/- each representing 20% of issued, subscribed, paid up & voting capital of the Target Company. The Offer is at a price of Rs 5/- (Rupees Five only) per equity share fully paid up (the “Offer Price”), payable in Cash (“the Offer”), subject to the terms & conditions mentioned in PA.