Special situation in Indian Market on 3rd Aug 09

03 August 2009

Subject:

Man Aluminium - Open Offer

Announcement:

SPA Merchant Bankers Ltd ("Manager to the Offer") on behalf of Mr. Ravinder Nath Jain & Mr. Mohinder Jain ("Acquirers") along with Mrs. Alka Jain, Mrs Anita Jain, Mr. Aditya Jain, Mr. Adish Jain, Ms. Dipti Jain & Ms. Manisha Jain ("Persons Acting in Concert"/ "PACs"), has issued this Public Announcement ("PA") to the Equity Shareholders of Man Aluminium Ltd ("Target Company"/ "Company"), pursuant to & in compliance with Regulation 10 & Regulation 12 & other applicable provisions of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 & Subsequent amendments thereto ("Takeover Regulations"). The Offer: The Acquirers along with PACs are hereby making this open offer to the shareholders of the Target Company (other than the parties to the Agreement) to acquire 676,061 equity shares of the Target company of face value of Rs 10/- each, representing in aggregate 20% of the fully paid up equity share capital & voting capital of the Target Company at a price of Rs 45/- (Rupees forty five only) per fully paid up equity share ("Offer Price") payable in cash subject to the terms & conditions mentioned in this PA & the Letter of Offer. Schedule of Activities: Specified Date - August 07, 2009 Date of Opening of the Offer - September 18, 2009 Date of Closing of the Offer - October 07, 2009

Current price is INR 42.65 – no arbitrage opportunity – closed.

03 August 2009

Subject:	Maharaja Shree - Board Meeting on Aug 07, 2009
Announcement:	Maharaja Shree Umaid Mills Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 07, 2009, inter alia, to consider Scheme of Arrangement for demerger of the Company.

Mcap INR 52.4 crores. The company is a composite textile mill and is in the business of manufacturing and marketing of yarns and fabrics. Textile biz – tough biz – closed.

03 August 2009

Subject:

Essen Supplements - Open Offer

Announcement:

VC Corporate Advisors Pvt Ltd ("Manager to the Offer") on behalf of Shri Ganesh Kumar Singhania & Smt. Anita Singhania ("Acquirers") has issued this Public Announcement ("PA") to the Shareholders of Essen Supplements India Ltd ("Target Company"), pursuant to & in compliance with Regulation 10 & 12 & other applicable provisions of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 & Subsequent amendments thereto ("Regulations"). The Offer: The Acquirers are making this Offer under Regulations 10 & 12 of the Regulations, to the Public Shareholders of the Target Company to acquire 12,00,000 equity shares of Rs 10/- each representing 20.66% of the expanded subscribed equity share capital & 20.88% of the expanded voting share capital of the Target Company at a price of Rs 10/- per fully paid up shares & Rs 5/- per partly paid up equity shares payable in cash ("Offer Price"). There are 60,402 partly paid up equity shares of the Target Company outstanding as on the date of the PA. The amount due on each partly paid equity shares is Rs 5/- each. The offer price in respect of partly paid up shares is in compliance with the Regulation 20(10) of the Regulations. Schedule of Activities: Specified Date - August 21, 2009 Date of Opening of the Offer - September 18, 2009 Date of Closing of the Offer - October 07, 2009

No volume – closed.

03 August 2009

Subject:

Vardhman Industries - Updates

Announcement:

Vardhman Industries Ltd has informed BSE that Persons Acting in Concert (PACs) with the promoters of the Company have purchased a total of 26,000 (twenty six thousand) Equity Shares of Rs 10/- each of the Company from open market in normal segment on the Stock Exchange the details of which are as under: Date of Purchase: July 17, 2009 Name of PAC: Mrs. Zarqa Jain No. of Shares purchased: 26,000 As a consequence of this acquisition the promoters alongwith PACs have acquired a total of 2,84,000 equity shares representing 3.60% by way of creeping acquisition during the current financial year.

Vardhman Industries Limited is an India-based company. The Company is engaged in the manufacturing and marketing of steel ingots, galvanized plain (GP) sheets, galvanized corrugated (GC) and coils.

Insider buying – interesting

03 August 2009

Subject:	Kirloskar Oil - Updates on Scheme of Arrangement
Announcement:	Kirloskar Oil Engines Ltd has informed BSE that Hon'ble High Court of Judicature at Bombay has approved Scheme of Arrangement between the Company and Kirloskar Engines India Ltd on July 31, 2009. The final order is awaited.

Kirloskar Oil Engines Limited is an India-based company. The Company is engaged in the power, construction and mining, agriculture, industry and transport, oil and gas and environment protection with a range of industrial products and services. The operations of the Company consist of engines and auto components. Its engines business consists of engines for power generation application and engines for applications other than power generation. On January 12, 2009, the Company incorporated a wholly owned subsidiary, Kirloskar Engines India Limited. During the fiscal year ended March 31, 2009 (fiscal 2009), the Company sold its valves business to Eaton Industrial Systems Pvt. Ltd

Mcap INR 2217 crores

Demerger – interesting – record date is awaited.

03 August 2009

Subject:

Jindal Poly - Updates on Outcome of Board Meeting

Announcement:

With reference to earlier announcement dated July 31, 2009 regarding Outcome of Board Meeting, Jindal Poly Films Ltd has now informed BSE that the Point relating to Buy-Back of Equity Shares should be read as follows : "The Board has approved, inter alia, the proposal for Buy-back of Equity Shares of the Company under proviso (B) of sub-section (2) of section 77A of the Companies Act, 1956. The proposed Buy-back will be subject to complying with the provisions of SEBI (Buy-back of securities) Regulations, 1998. The proposed Buy-back will be at a price not exceeding Rs 400/- per Equity Shares. The aggregate consideration for the shares to be bought back will not exceeding Rs.73.00 crores, being less then 10 % of paid up Equity Shares and Free Reserve of the Company.

Mcap 881 crores

Jindal Poly Films Limited is a producer of flexible packaging films. It operates in two segments: Polyester Yarn/Chips Division and PET/OPP Film Division. The Company operates in a single location facility for flexible packaging films at Nashik, Maharashtra. Flexible packaging includes materials, such as plastic films, paper and aluminum foil. Jindal Poly Films offers biaxially oriented polyester (BOPET) Film and biaxially oriented polypropylene (BOPP), forms of plastic-based flexible packaging film, and also offers a range of metallized and coated film products to its customers. BOPET Film is a product classified according to thickness of the film. The Company has a partially oriented yarn (POY) facility at Gulaothi, Uttar Pradesh. BOPET Film is classified according to thickness of the film. It has the in-house ability to manufacture polyester (PET) chips as per requirement, for its BOPET Film business.

Current price INR 330.

Interesting