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 a 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 Hussain Abbas Rassai (“Acquirer 1”), Akil Abbas Rassai (“Acquirer 2”), Abbas Abdulkarim Rassai (“Acquirer 3”), herein collectively referred to as “Acquirers” have proposed delisting offer to acquire 15,33,012 (Fifteen Lakhs Thirty Three Thousand and Twelve Only) Equity Shares at the face value of Rs.10/- each, representing 25.00% of the total paid up equity share capital of the Vyapar Industries Limited (the “Company”) from the Public Shareholders, pursuant to the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009, as amended from time to time (“SEBI Delisting Regulations”) and in accordance with the reverse book building process prescribed under the Delisting Regulations at a floor price Rs. 43/- (Rs. Forty-Three Only) per Equity Share, from March 12, 2020 to March 18, 2020.
Market participants are further requested to note that the details of this Offer to Buy would be available on BSE Website – www.bseindia.com.
Bhushan Mokashi
Additional General Manager
Listing Sales & Ops
March 11, 2020
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