Notice No.   20200226-8   Notice Date   26 Feb 2020
Category   Trading   Segment   Equity
Subject   Opening of Offer to Buy – Acquisition Window (Takeover) Regaliaa Realty 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 an Open Offer (“Offer”) is made by Karvy Financial Services Limited (“Acquirer”)  to acquire upto 9,36,000 (Nine Lakhs Thirty Six Thousand) voting share capital of Rs 10/- (Rupees Ten only) each, representing 26% (Twenty Six percent) of the voting share capital, from the Eligible Shareholders of Regaliaa  Reality  Limited (“Target Company”) at a price of Rs. 11.50/- (Rupees Eleven and Fifty Paisa only) per Equity Share (the “Offer Price/Open Offer Price”) payable in cash pursuant to the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereof (the “SEBI Takeover Regulations” and reference to a particular “Regulation” shall mean the particular regulation framed pursuant to the SEBI Takeover Regulations), SEBI Order and SAT Order and in accordance with the SEBI Order, the Acquirer shall pay an interest calculated at the rate of 10% per annum from 58th working day from February 16, 2012 till the date of payment of consideration (i.e., March 27, 2020), to the shareholders who were holding shares in the Target Company on the date of invocation and whose shares would be accepted in the Open Offer, which is Rs. 9.05/- (Rupees Nine and Five paise only) per Equity Share (“Interest Amount”). However, those shareholders who acquired shares subsequent to February 16, 2012, would be eligible only for the Offer Price from Thursday, February 27, 2020 to Thursday, March 12, 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

February 26, 2020