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 da ted Apil 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 Rajdarbar Capital Private Limited (“Acquirer”) has made an Open Offer to the shareholders of Mrugesh Trading Limited (“ Target Company”) to acquire upto 1,10,250 (One Lakh Ten Thousand Two Hundred and Fifty Only ) equity shares of face value of Rs. 10 /- (Rupees Ten Only) each (“Equity Shares”), representing in aggregate 45% (Forty Five Percent Only) of the total issued, outstanding and fully paid up carrying voting rights of the Target Company at a price of Rs. 12 ( Rupees Twelve Only) per equity share (“ Offer Price “), payable in cash plus interest @ 10% per annum per equity share for delay in payment beyond the scheduled payment date (As defined in Letter of Offer), pursuant to the SEBI (SAST) Regulations 2011, and subsequent amendments thereto (SEBI SAST Regulations), from August 11, 2020 to August 24, 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
August 10, 2020
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