Notice No.   20200123-9   Notice Date   23 Jan 2020
Category   Trading   Segment   Equity
Subject   Opening of Offer to Buy – Acquisition Window (Takeover) Gaurav Mercantiles Limited
Attachments   Letter of Offer.pdf ;

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 a Cash Offer is made by Raghav Bahl (“The Acquirer”) along with person acting in concert  Ritu Kapur (“PAC 1”) and  Mohan Lal Jain (“PAC 2”), (herein PAC 1 and PAC 2 are collectively referred to as the “PAC”)  to  acquire up to  48,10,000 (Forty Eight Lakh Ten Thousand Only) fully paid up equity shares having face value of INR 10/- (Indian Rupees Ten Only) Each (“Equity Shares”), representing 26% (Twenty Six Percent Only) of the Emerging Voting Share Capital of the Gaurav Mercantiles Limited (“Target Company”) ,from the public shareholders of Target Company at a price of INR 42.50/- (Indian Rupees Forty Two And Fifty Paisa Only) per equity share (“Offer Price”), 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, 2011”), from January 27, 2020 to February 07, 2020.


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 –



Bhushan Mokashi

Additional General Manager

Listing Sales & Ops

January 23, 2020