| Opening of Offer to Buy – Acquisition Window (Takeover) for Max Ventures and Industries 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 Siva Enterprises Private Limited (“Acquirer 1”) and P V T Ventures Private Limited (“Acquirer 2”) have made an open offer to acquire up to 18,473,049 fully paid-up equity shares of face value of Rs. 10 (Rupees Ten) each, representing 34.60% of the issued, subscribed, paid up and voting share capital (“Share Capital”) and 34.27% of the fully diluted voting share capital (“Diluted Share Capital”) of Max Ventures and Industries Limited (“Target Company”) at a price of Rs. 31.50 (Rupees Thirty One and Fifty Paisa only) per 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 28th September, 2016 to 13th October, 2016.
BSE is the Designated Stock Exchange for this issue.
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
September 22, 2016
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