Hasti Finance - Open Offer

Ashika Capital Ltd (Manager to the Offer) for & on behalf of Mr. Nitin Prabhudas Somani & Mrs. Sonal Nitin Somani (Acquirers) has issued this Public Announcement (PA) to the Shareholders of Hasti Finance Ltd (Target Company), pursuant to & in compliance with regulation 10 & 12 of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 & Subsequent amendments thereto (Regulations).

The Offer:

The Acquirers are now making this Open Offer (Offer) to the Shareholders of the Target Company ('other than Parties to the Agreement') to acquire upto 5,24,600 shares of Rs 10/- each, representing 20% of its voting capital, at a price of Rs 14.75 per share (Offer Price) payable in cash in terms of regulation 20 of the Regulations.

Schedule of Activities:

Specified Date - September 05, 2009

Date of Opening of the Offer - September 25, 2009

Date of Closing of the Offer - October 14, 2009