| Opening of Offer to Buy – Acquisition Window (Takeover) for Modella Woollens 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 Sunder Suvidha LLP (“Acquirer”), along with Mr. Pramod P. Shah (“PAC-1”); Mr. Sandeep P. Shah (“PAC-2”); and Mrs. Kalpana P. Shah (“PAC-3”) in their capacity as the person acting in concert with the acquirer (Hereinafter collectively referred as “PAC”) to acquire upto 2,36,600 Equity Shares of face value of Rs.10/- each representing 26.00% of the total voting share capital of Modella Woollens Limited at a price of Rs. 10/- (Rupees ten 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 (SEBI (SAST) Regulations, 2011) and subsequent amendments thereof, 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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