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 Mr. Denis Desai (“Acquirer”) has made an open offer to the Public Shareholder(s) of M. B. Parikh Finstocks Limited (“Target Company”) to acquire upto 7,80,000 (Seven Lakhs Eighty Thousand Only) ("Offer Shares") fully paid up Equity Shares of face value of Rs 10 each, representing 26% of the total voting share capital of the Target Company on a fully diluted basis, as of the tenth working day from the closure of the Tendering Period (as defined in letter of offer) of the Open Offer from the Public Shareholders of the Target Company for cash at an Offer Price of Rs. 15/- per Equity Share (“Offer Price”) from February 17, 2020 to March 3, 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 – www.bseindia.com.
Bhushan Mokashi
Addl. General Manager
Listing Sales
February 12, 2020
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