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. 20170210-16 dated Feb 10, 2017,20190424-35 dated April 24, 2019 and 20200528-32 dated 28 May 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 INGERSOLL RAND INC. (formerly known as Gardner Denver Holdings, Inc.) (hereinafter referred to as the “Acquirer”) along with INGERSOLL-RAND U.S. HOLDCO, INC (“PAC 1”) and INGERSOLL-RAND INDUSTRIAL U.S., INC. (“PAC 2”) are making a Cash Offer of INR 642.63/- (Indian Rupees Six Hundred Forty Two And Sixty Three Paisa) per fully paid up equity share of face value of INR 10 (Indian Rupees Ten) each, to acquire up to 82,07,680 (Eight Two Lakh Seven Thousand Six Hundred Eighty Only) equity shares representing 26% of the voting share capital, from the public shareholders of INGERSOLL-RAND (INDIA) LIMITED (“Target Company”), pursuant to and in compliance with the provisions of SEBI (SAST) Regulations 3(1), 4, 5(1) and other applicable regulations of the SEBI (SAST) Regulations, from June 22, 2020 to July 03, 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
Additional General Manager
Listing Sales & Ops
June 18, 2020
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