| Opening of Offer to Buy – Acquisition Window (Takeover) for Worth Investment and Trading Company 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 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”) by Nimit Rajesh Ghatalia, Mihir Rajesh Ghatalia, Bina Rajesh Ghatalia and Damiyanti Pranlal Ghatalia (hereinafter collectively referred to as “the Acquirers”) to the shareholders of Worth Investment and Trading Company Limited (hereinafter referred to as the “Target Company”) for the acquisition of 8,52,800 (Eight Lakhs Fifty Two Thousand Eight Hundred) fully paid-up equity shares of face value of Rs. 10/- each, representing 26% of the equity and voting share capital at a price of Rs. 21.61 (Rupees Twenty One and Sixty One Paise Only) per equity share (“Offer Price”) payable in cash pursuant to regulations 3(1) & 4 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“SEBI (SAST) Regulations”) from December 04, 2018 to December 17, 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.
Bhushan Mokashi
Additional General Manager
Listing Sales & Ops
November 30, 2018 |