MCDOWELL HOLDINGS LTD. - Updates on Open Offer to the Shareholders of Mangalore Chemicals and Fertilizers

Ambit Corporate Finance Private Ltd and ICICI Securities Ltd ("Managers to the Offer") has submitted to BSE a Copy of Letter of Offer in respect of the Open Offer for acquisition of upto 3,08,13,939 fully paid up Equity Shares of face value of Rs. 10 each ("Equity Shares") by Zuari Fertilisers and Chemicals Ltd ("Acquirer") together with Zuari Agro Chemicals Ltd ("PAC1"), United Breweries (Holdings) Ltd ("PAC2"), Kingfisher Finvest India Ltd ("PAC3") and McDowell Holdings Ltd ("PAC4") as the persons acting in concert (Collectively, "PAC") to the public Shareholders of Mangalore Chemicals and Fertilizers Ltd ("Target Company").