| Opening of Offer to Buy – Acquisition Window (Takeover) for Polaris Consulting & Services 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 Virtusa Consulting Services Private Limited (“Acquirer”) along with Virtusa Corporation (“PAC 1 / Virtusa US”) and Virtusa International B.V, (“PAC 2” / “Virtusa NL”) will make a cash offer of Rs. 220.73/- (Indian Rupees Two Hundred And Twenty And Seventy Three Paise) Per Fully Paid Equity Share of Face Value of Rs. 5/- (Indian Rupees Five Only) Each pursuant to the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto (“SEBI (SAST) Regulations”) to acquire up to 26,719,942 (Twenty Six Million Seven Hundred and Nineteen Thousand Nine Hundred and Forty Two) fully paid -up equity shares of the face value of Rs. 5 (Indian Rupees Five) each, constituting 26% (Twenty Six per cent) of the voting share capital, from the public shareholders of Polaris Consulting & Services Limited (“PCSL” or the “Target Company”) from 11th March, 2016 to 28th 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
March 08, 2016 |