Trading Members and Custodians are requested to note that Securities Exchange Board of India (SEBI) has issued Mechanism for acquisition of shares through Stock Exchange pursuant to Tender-Offers under Takeovers, Buy Back and vide its circular no. CIR/CFD/POLICYCELL/1/2015 dated April 13, 2015 and no. CFD/DCR2/CIR/P/2016/131 dated Dec 09, 2016. The Exchange vide its notice no. 20170210-16 dated Feb 10, 2017, has issued Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange pursuant to Tender-Offers under Takeovers, Buy Back and Delisting.
All Market Participants are hereby informed that Mr. Pawan Kumar Mittal (“Acquirer 1”)and Mrs. Kiran Mittal (“Acquirer 2”) have made an open offer to acquire up to 8,16,400 (Eight Lac Sixteen Thousand Four Hundred) Equity Shares of the face value of Rs. 10 each ("Offer Shares"), representing 26.00% of the Expanded Paid Up Share Capital (defined under the head “Definition”) of the Shree Worstex Limited (“Target Company”) at a price of Rs. 11.50/- (Rupees Eleven and Paisa Fifty only) per fully paid up Equity Share of Rs. 10 each, payable in cash., from March 30, 2017 to April 13, 2017.
Market participants are further requested to note that this offer will be as per the Revised Guidelines of SEBI circular no. CFD/DCR2/CIR/P/2016/131 dated Dec 09, 2016 and Exchange notice no. 20170210-16 dated Feb 10, 2017 and the details of this Offer to Buy would be available on BSE Website – www.bseindia.com.
The company is listed only on Metropolitan Stock Exchange of India Limited.
The details of this Offer to Buy would be available on BSE Website – www.bseindia.com.
Bhushan Mokashi
Dy. General Manager
Listing Ops & Sales
March 27, 2017
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