| Opening of Offer to Buy – Acquisition Window (Takeover) for Apunka Invest Commercial 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 Mr. Kumar Mangat Rajaram Pathak (“Acquirer 1”) and Mr. Abhishek Kumar Mangat Pathak (“Acquirer 2”) to the existing shareholders of Apunka Invest Commercial Limited (hereinafter referred to as the “Target Company”) to acquire 14,17,000 Equity Shares of Rs. 10/- each representing 26% of Emerging Voting Capital of the Target Company at a price of Rs.10/- (Rupees Ten only) per Equity Share (“Offer Price”), payable in cash. This Offer is being made by the Acquirers 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 November 20, 2018 to December 05, 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 16, 2018 |