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NOTICES
Notice No.   20200602-20   Notice Date   02 Jun 2020
Category   Trading   Segment   Equity
Subject   Opening of Offer to Buy – Acquisition Window (Takeover) of Angel Fibers Limited
Attachments   Angel Fibres Letter of offer.pdf ;
Content

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 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. 20170210-16 dated Feb 10, 2017, 20190207-23 dated 07 Feb 2019 and 20200528-32 dated May 28, 2020 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 is made by Mr. Jitendra G. Raiyani (“Acquirer 1”), Mr. Rameshkumar Jivrajbhai Ranipa (“Acquirer 2”), hereinafter collectively referred to as “Acquirers”) to the shareholders of Angel Fibers limited (“Target Company”) to acquire up to 65,00,000 Equity Shares of Rs.10/- each representing 26.00% of equity share capital/voting capital of the Target Company in accordance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended (“SEBI (SAST) Regulations, 2011”) at a price of Rs. 9.00 /-(Rupees Nine Only) per equity share (“Offer Price”), payable in cash, from June 03,2020 to June 16,2020.

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 the details of this Offer to Buy would be available on BSE Website – www.bseindia.com.

 

 

Bhushan Mokashi

Additional General Manager

Listing Sales & Ops

June 02, 2020