Kamlesh Bhanushali, Anand Gurnani and Sankool A. Shah made an offer to acquire an additional 20% stake in Rabha Plastics Ltd. (BSE: 531712) for INR 4.4 million in cash on September 7, 2011. Kamlesh Bhanushali, Anand Gurnani and Sankool A. Shah will acquire up to 1.09 million shares of Rabha Plastics for an offer per share of INR 4. Kamlesh Bhanushali, Anand Gurnani and Sankool A. Shah have sufficient financial resources to satisfy the consideration for the offer in full. Kamlesh Bhanushali, Anand Gurnani and Sankool A. Shah have deposited INR 1.1 million in an escrow account. Kamlesh Bhanushali, Anand Gurnani and Sankool A. Shah already had 5.74% stake, 4.3% stake and 4.3% stake in Rabha Plastics respectively. The offer is not subject to minimum level of acceptances. The offer is subject to the receipt of necessary statutory approvals and regulatory approvals clearances required. The offer is subject to receiving the approvals, if any, from Reserve Bank of India under Foreign Exchange Management Act. The offer letter will be dispatched to the shareholders on October 20, 2011. The offer will open on November 2, 2011 and will close on November 21, 2011. Kamlesh Bhanushali, Anand Gurnani and Sankool A. Shah made an increased offer to acquire an additional 20% stake in Rabha Plastics Ltd. (BSE: 531712) for INR 15.6 million in cash on January 5, 2012. The offer will open on January 9, 2012 and close on January 28, 2012. Kamlesh Bhanushali, Anand Gurnani and Sankool A. Shah will acquire up to 1.09 million shares of Rabha Plastics for an offer per share of INR 14.27. Nithya Ranganathan and Archana Sharma of Sobhagya Capital Options Ltd acted as manager and financial advisor to Kamlesh Bhanushali, Anand Gurnani and Sankool A. Shah. Universal Capital Securities Private Limited acted as registrar to Kamlesh Bhanushali, Anand Gurnani and Sankool A. Shah. Kamlesh Bhanushali, Anand Gurnani and Sankool A. Shah completed an offer to acquire an additional 2.69% stake in Rabha Plastics Ltd. (BSE: 531712) for INR 2.1 million in cash on January 28, 2012.