| Opening of Offer to Buy – Acquisition Window (Takeover) for Sahyog Credits 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 Athena Multitrade Private Limited (“Acquirer”) have made an open offer To acquire upto 918,000 (Nine Lacs and Eighteen Thousand) Equity Shares of face value of Rs. 10/- each representing 30.00% of the paid up share capital of Sahyog Credits Limited (“Target Company”) at a price of Rs. 25.00 (Rupees Twenty Five Only) per fully paid up equity share 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 30th September, 2016 to 17th October, 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 Ops & Sales
September 28, 2016
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