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 Takeover, Buy Back and De-listing 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 West Coast Paper Mills Limited (herein referred to as the “Acquirer”) makes a Open Offer offer to acquire upto 99,42,510 (Ninety Nine Lakhs Forty Two Thousand Five Hundred And Ten Only) fully paid fully paid up equity shares, having face value of INR 10 (Indian Rupees Ten Only) each (“Equity Shares”), representing 25% (Twenty Five Percent Only) of the Voting Share Capital of the International Paper APPM Limited (herein referred to as the “Target Company”),from the Eligible Public Shareholders of Target Company , at a price of INR 452.60 (Indian Rupees Four Hundred Fifty Two And Sixty Paisa Only) per Equity Share (“Offer Price”) inclusive of the interest of INR 1.97 (Indian Rupees One and Ninety Seven Paisa Only), payable in cash, in accordance with the provisions of Securities And Exchange Board Of India (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011, as amended from time to time (“SEBI SAST Regulations”) September 12, 2019 to September 25, 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.
Bhushan Mokashi
Additional General Manager
Listing Sales & Ops
September 11,2019
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