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LETTER OF OFFERThis Document is important and requiresyour immediate attentionThisLetter of Offer is sent to you as a shareholder(s) of SUVRIDHI FINANCIAL SERVICES LIMITED.If you require any clarifications about the action to be taken, you mayconsult your Stock Broker or investment consultant or Manager/Registrar to theOffer. In case you have sold your shares in the company, please hand over thisLetter of Offer and the accompanying Form of Acceptance cum Acknowledgement andTransfer Deed to the Member of Stock Exchange through whom the said sale waseffected. OPENOFFERBy Sri Mohan Agarwal(Resident of N/8C, Saket, NewDelhi-110017)Ph: (011) 6854559, Fax: (011) 6511575Sri Gauri Shankar Agarwala(Resident of N/8C, Saket, NewDelhi-110017)Ph:(011) 6854559, Fax: (011) 6511575Smt. Kalawati Agarwal(Resident of N/8C, Saket, NewDelhi-110017)Ph: (011) 6854559, Fax: (011) 6511575Smt. Pratibha Agarwal(Resident of N/8C, Saket, NewDelhi-110017)Ph: (011) 6854559, Fax: (011) 6511575 AND M/s. Bhairav Leasing & Finance Pvt.
Ltd(Regd.Office: N/8C, Saket, New Delhi-110017)Ph: (011) 6854559, Fax: (011) 6511575tothe shareholders ofSUVRIDHIFINANCIAL SERVICES LIMITED (SFSL)(Regd.Office: Kelvin Compound, Tokobari Road,Guwahati-781 001 ) Ph:(0361) 524590, 542757, Fax: (0361) 545580forthe purchase of 10,50,360 fully paid-upEquity Shares of Rs.10/- each of SFSL, by tender, at a price of Rs.7.50/-per share of SFSL representing 20% of its paid up equity share and votingcapital. These shares will be acquired in cash, in accordance withregulation 20 (1)(a) of SEBI (Substantial Acquisition of Shares andTakeovers) Regulations 1997 and subsequent amendments thereof, from theexisting equity shareholders of SFSL.PleaseNote:1. ThisOffer is being made in compliance with Regulation 10 & 12 of theSecurities and Exchange Board of India (Substantial Acquisition of Sharesand Takeovers) Regulations 1997 and subsequent amendments thereof(hereinafter referred to as “Regulations').2. TheOffer is subject to receiving the necessary approval(s), if any, from theReserve Bank of India, under the Foreign Exchange Management Act, 1999 andsubsequent amendments thereto, for acquiring shares tendered bynon-resident shareholders. In case of acceptances from Non-Residentshareholders, the Acquirers would after the closure of the Offer, make therequisite applications to RBI to obtain its approval for transfer of suchshares of SFSL to the Acquirers.
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THEFORUMFOR THEINDUSTRYEXECUTIVE PUBLICATION 2010MEDIAPLANNER A Portfolio of Integrated Media Solutions for the Life-Sciences Industry.
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There are no other statutory approvalsrequired to acquire equity shares that are tendered pursuant to thisOffer.3. Ifthere is any upward revision in the Offer Price at any time up to sevenworking days prior to the date of closure of the Offer viz. September 10, 2002 or withdrawal of the Offerin terms of the regulation, the same would also be informed by way of aPublic Announcement in the same newspapers where the original PublicAnnouncement dated May 23, 2002 had appeared. Such revised Offer Pricewould be payable for all the shares tendered any time during the Offer& accepted under the Offer.4.
Ifthere is a competitive bid: ThePublic Offer under all subsisting bids shall close on the samedate. As the Offer price can not berevised during 7 working days prior to the closing date of the Offers /bids, it would, therefore, be in the interest of the shareholders to waittill the commencement of that period to know the final Offer price of eachbid and tender their acceptance accordingly.5. Shareholders,who have accepted the Offer by tendering the requisite documents, in termsof the Public Announcement/ Letter of Offer, cannot withdraw thesame.6.
TheProcedure for acceptance is set out in Para 7 of this Letter Of Offer. AForm of Acceptance is enclosed with this Letter ofOffer.7. ThePublic Announcement, Corrigendum to Public Announcement, Letter of Offerand Form of Acceptance cum Acknowledgement would be available at SEBI websitewww.sebi.gov.in.MANAGERTO THE OFFER:REGISTRARTO THE OFFER:AshikaCredit Capital LimitedContact Person: Mr.
Ganguly Street,4 thFloor,Kolkata– 700 012. Tel:(033) 221 5031/ 5032 /5112/5113Fax:(033) 215 9418.E-mail:NicheTechnologies Pvt. Ltd.ContactPerson: Mr. AbbasC-444,Bagree Market,71,B.
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