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 JSW Cement Limited (hereinafter referred to as the “Acquirer ”) along with Reynold Traders Private Limited (hereinafter referred to as “PAC”) has made a cash offer of Rs. 16.35 (Rupees Sixteen And Thirty Five Paisa only) per equity share (“Revised Offer Price 2”) of face value of Rs. 2 each, to acquire up to 62,400,000 equity shares representing 32.00% of the Emerging Share Capital in accordance with the Securities And Exchange Board of India (Substantial Acquisition Of Shares And Takeovers) regulations, 2011, as amended (“SEBI (SAST) regulations”) from shareholders of Shiva Cement Limited from April 21, 2017 to May 05, 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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