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| NOTICES |
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| Notice No. |
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20170418-8 |
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Notice Date |
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18 Apr 2017 |
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| Category |
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Trading |
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Segment |
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Equity |
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| Subject |
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Opening of Offer to Buy – Acquisition Window (Takeover) for Indo Gulf Industries Limited |
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| Content |
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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 Ganesh Explosives Private Limited (hereinafter referred to as “the Acquirer” or “GEPL”) has made an open offer to the shareholders of Indo Gulf Industries Limited (hereinafter referred to as “IGIL" or the “Target Company”) for the acquisition of 24,87,491 (Twenty Four Lakhs Eighty Seven Thousand Four Hundred and Ninety One) fully paid-up equity shares of Re. 1/- each, representing 26% of the total paid up equity and voting share capital at a price of Re. 0.40/- (Forty Paise Only) per equity share (“Offer Price”) payable in cash (“Offer” or “Open Offer”) from April 20, 2017 to May 04, 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 details of this Offer to Buy would be available on BSE Website – www.bseindia.com.
Bhushan Mokashi
Dy. General Manager
Listing Ops & Sales
April 18, 2017
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