MarvelCap&Fi - Open Offer

Imperial Corporate Finance & Services Pvt. Ltd. ("Manager to the Offer") on behalf of Mahagauri Investments Ltd ("Acquirer") has informed this Public Announcement to the Equity Shareholders of Marvel Capital & Finance India Ltd ("Target Company"), pursuant to and in compliance with Regulation 10 and 12 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto ("SEBI (SAST) Regulations")

The Offer:

The Open Offer is for acquisition of 10,00,000 fully paid up equity shares of Rs. 10/- each representing 20.00% of fully paid equity and voting share capital of the Target Company ("Offer Size"), at a price of Rs. 27.60/- (Rupees Twenty Seven and Paise Sixty Only) per fully paid up equity share ("Offer Price") payable in cash, subject to the terms and conditions mentioned in this PA and the Letter of Offer("LOO") along with Form of Acceptance cum Acknowledgement ("FOA").

Schedule of Activities:

Specified Date - May 06, 2011

Date of Opening of the Offer - June 22, 2011

Date of Closing of the Offer - July 11, 2011

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