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 Open Offer (“Offer”) is being made by Mr. Sahil Minhaj Khan (Acquirer 1) and Mr. Saeed Ur Rehman (Acquirer 2) (Acquirer 1 and Acquirer 2 hereinafter collectively referred to as the “Acquirers”) to the shareholder(s) of Jyotirgamya Enterprises Limited ("Target Company") to acquire upto 5,98,000 (Five Lakh Ninety Eight Thousands) Equity Shares of the face value of Rs. 10/- each ("Offer Shares"), representing in aggregate 26% of the expanded paid up equity share capital of the Target Company at a price of Rs. 13.85/- (Rupees Thirteen and Eighty Five Paisa Only) per fully paid up Equity Share , payable in cash, from March 27, 2018 to April 11, 2018.
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
Additional General Manager
Listing Ops & Sales
March 19, 2018
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