INDIA SECURITIES LTD. - Update on delisting offer (Acquirer has declared a final exit price of Rs. 62 )

India Securities Ltd has informed BSE that Essar Capital Limited ("Acquirer") has intimated the Company that delisting offer for equity shares of Company is successful. While the discovered price in terms of reverse book building process is arrived at Rs 60.50, the Acquirer has declared a final exit price of Rs. 62 (Rupees Sixty Two) per share and is accepting all the equity shares tendered at or below the final exit price of Rs. 62.<br/><br/>Acquirer further informed that Payment to eligible shareholders and demat credit/release of pledge/despatch of share certificates for rejected bids shall be completed on or before April 13, 2012.