| Opening of Offer to Buy – Acquisition Window (Takeover) -Generic Engineering Construction and Projects Limited |
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. The Exchange vide its notice no. 20150930-1 dated September 30, 2015, 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 Generic Engineering & Construction Private Limited (“Generic” or “Acquirer I”) and Mr. Manish Ravilal Patel (“Acquirer II”) along with the PACs namely Mrs. Nayana Ravilal Patel (“PAC I”), Mrs. Hemlata Manish Patel (“PAC II”), Mrs. Ranjan Dinesh Patel (“PAC III”), Mrs. Trupti Mitul Patel (“PAC IV”) and Ms. Krupa Manish Patel (“PAC V”) have made an open offer to acquire up to 42,87,972 fully paid-up equity shares of 10/- each, representing 26.22% of the Expanded Paid-up Share Capital and Voting Capital (“the Offer Size”) of Generic Engineering Construction and Projects Limited at a price of Rs. 37/- (Rupees Thirty-Seven Only) per fully paid-up equity share (“the Offer Price”) payable in cash pursuant to Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereof from the public shareholders of the Company from January 20, 2017 to February 3, 2017.
Market participants are further requested to note that the details of this Offer to Buy would be available on BSE Website – www.bseindia.com.
Bhushan Mokashi
Dy. General Manager
Listing Ops & Sales
Listing Ops & Sales
January 17, 2017
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