| Opening of Offer to Buy – Acquisition Window (Takeover) for Bagadia Colourchem 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 Ms. Namrata Jain (Acquirer - 1), Ms. Prachi Jain (Acquirer - 2) and Sureshchand Chhotelal Jain (HUF) (Acquirer - 3) to Acquire upto 9,59,400 (Nine Lakhs Fifty Nine Thousand and Four hundred) equity shares of Rs. 10/- each at an Offer Price of Rs. 11.10/- (Rupees Eleven and Ten Paisa Only) (price determined in terms of Regulation 8(2))per equity share of Rs 10/- each payable in cash, representing 26.00% of the total paid up equity share capital/ voting capital Of Bagadia Colourchem Limited, from April 02, 2018 to April 13, 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 23, 2018
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