| Opening of Offer to Buy – Acquisition Window (Takeover) for Mahabir Metallex 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 SVP Builders (India) Limited – Acquirer has made an open offer to acquire upto 2,711,644 (Twenty Seven Lacs Eleven Thousand Six Hundred and Forty Four) Equity Shares of face value of Rs. 10/- each representing 26.00% of the present issued, subscribed and paid up equity share capital of Mahabir Metallex Limited – Target Company at a price of Rs. 12.00/- (Rupees Twelve 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 4th February, 2016 to 17th February, 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 2, 2016 |