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| NOTICES |
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| Notice No. |
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20180613-4 |
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Notice Date |
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13 Jun 2018 |
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| Category |
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Trading |
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Segment |
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Equity |
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| Subject |
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Opening of Offer to Buy – Acquisition Window (Takeover) for Darjeeling Ropeway Company Limited |
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| Content |
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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 Mr. Himanshu Ramniklal Shah (“Acquirer”) to the existing shareholders of Darjeeling Ropeway Company Limited (“Target Company”) to acquire 7,93,000 (Seven Lakhs Ninety Three Thousand) Equity Shares of Rs. 10 (Rupees Ten only) each representing 26% of Equity Share Capital/Voting Capital of the Target Company at a price of Rs. 14.00 (Rupees Fourteen only) per Equity Share (“Offer Price”), payable in cash. This Offer is being made by the Acquirers along with PAC pursuant to Regulation 3(1) and 4 of SEBI (SAST) Regulations 2011, from June 19, 2018 to July 02, 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.
Girish Joshi
Senior General Manager
Listing Business
June 13, 2018 |
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