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NOTICES
Notice No.   20190118-5   Notice Date   18 Jan 2019
Category   Trading   Segment   Equity
Subject   Opening of Offer to Buy – Acquisition Window (Takeover) for Shree Digvijay Cement Company Limited
 
Content

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 True North Fund VI LLP (hereinafter referred to as the “Acquirer”) make a cash offer of Rs. 23.33/- (Rupees Twenty Three and Thirty Three Paise Only) per equity share of face value of Rs. 10/- each (“Equity Share”), to acquire up to 35,611,817 equity shares representing 25.1% of the emerging share capital, under the SEBI (SAST) Regulations from the public shareholders of Shree Digvijay Cement Company Limited ((hereinafter referred to as the “Target Company” / “Target”)  pursuant to regulations 3(1) & 4 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“SEBI (SAST) Regulations”) from January 22, 2019 to February 04, 2019.

 

 

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.

 

 

 

Bhushan Mokashi

Additional General Manager

Listing Sales & Ops

January 18, 2019