Value Hunt Indian special situation annoucements

18 March 2009



Lotte India - Updates

Lotte India Corporation Ltd has informed BSE that the Company has received a proposal from M/s. Lotte Confectionery Co. Ltd., Korea, the present promoters of the Company, holding 80.39% of the equity capital to acquire balance 19.61% of equity shares of the Company in accordance with SEBI (Delisting of Securities) Guidelines, 2003.Further the Company has informed that, based on the requisition of M/s. Lotte Confectionery Co. Ltd., Korea, the present promoters of the Company, the Company has scheduled to convene an Extra-ordinary General meeting on April 09, 2009, to consider the proposal of Voluntary Delisting of Equity shares of the Company from the Stock Exchanges, which has been decided at the meeting of Board of Directors held on March 13, 2009.

There may be some arbitrage opportunity in this investment