Updates on Buy back Offer

Monnet Ispat Ltd has submitted to BSE as about following:

Religare Capital Markets Limited ("Manager to the Buyback") on behalf of Monnet Ispat Ltd ("Target Company") has informed this Corrigendum to Public Announcement for the attention of the Equity Shareholders / Beneficial Owners of the equity shares of Monnet Ispat Ltd ("Target Company") is being issued in connection with the offer for buyback of Equity Shares from the Open Market through the electronic trading mechanism of the stock exchanges by Target Company, which is in continuation of & should be read in conjunction with the Public Announcement ("PA") published February 23, 2012, this Corrigendum is being made pursuant to the letter dated March 16, 2012 issued by the Securities and Exchange Board of India ("SEBI"). The capitalized terms and abbreviations used in this Corrigendum have the same meaning as ascribed to them in the PA, unless otherwise specified.

The Equity Shareholders / Beneficial Owners of Equity Shares of the Company are requested to take note of the following modifications / additions made to the PA.

DATE OF COMMENCEMENT OF THE BUYBACK :

Under clause 12 and wherever the context applies, the date of the commencement of the Buy-back should be read as March 21, 2012. Except the date of commencement of the Buy-back, there is no other change in the proposed timetable, as mentioned in clause 12 of the PA.

All other information and terms of the Buy-back as disclosed in the PA published on February 23,2012 remains unchanged.

Source : BSE - >www.bseindia.com

Published on March 19, 2012
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