| Opening of Offer to Buy – Acquisition Window (Takeover) for Ruby Traders & Exporters 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 Mr. Amit Rambhia (‘Acquirer 1’), Mr. Nikit Rambhia (‘Acquirer 2’) and Mr. Devchand Rambhia (‘Acquirer 3’) have made an open offer to Acquire 11,41,400 Equity Shares of Rs. 10 each representing 26% of the Share Capital and Voting Capital of the Target Company at a price of Rs. 12.00 (Rupees Twelve only) per share (‘Offer Price’), payable in cash to the existing shareholders of RUBY TRADERS & EXPORTERS LIMITED (‘RTEL’/‘Target Company’) from 22nd February, 2016 to 04th March, 2016.
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 Sales
February 17, 2016 |