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. 20190424-35 dated April 24, 2019, 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 the open offer by Hulst B.V. (“Acquirer”) along with the person acting in concern The Baring Asia Private Equity Fund VII, L.P. (“PAC 1”), The Baring Asia Private Equity Fund VII, L.P.1 (“PAC 2”) and The Baring Asia Private Equity Fund VII, SCSp (“PAC 3”) has made a cash offer to acquire up to 2,18,46,963 fully paid-up equity shares of face value of INR 10 each (“Offer Shares”) at a price of INR 1394/- per Equity Share (“Offer Price”), representing 35.00% of the Expanded Voting Share Capital in accordance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto (“Takeover Regulations”) from the Public Shareholders (the “Offer Size”) of NIIT Technologies Limited (“Target Company”) from July 15, 2019 to July 26, 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 20190424-35 dated April 24, 2019 along with the details of this Offer to Buy would be available on BSE Website – www.bseindia.com.
Atul Dhotre
Senior Manager
Listing Sales
July 11, 2019 |