STI India Ltd: Updates on Open Offer

Axis Bank Ltd ("Manager to the Offer") on behalf of Bombay Rayon Fashions Ltd ("Acquirer") has issued this Corrigendum to the Public Announcement ("Corrigendum") to the Equity Shareholders of STI India Ltd ("Target Company"), which is in continuation of & should be read in conjunction with the Public Announcement ("PA") published on November 01, 2010, pursuant to Regulations 10 and 12 of, & in compliance with, the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto ("Regulations" or "SEBI (SAST) Regulations").

The Shareholders are requested to note that the Revised Schedule of activities in relation to the Offer is as under:

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ActivityOriginal ScheduleRevised Schedule
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Specified DateNovember 26, 2010November 26, 2010
Date of Opening of the OfferDecember 16, 2010January 28, 2011
Date of Closing of the OfferJanuary 05, 2011February 17, 2011
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