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 2020has 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 ZF FRIEDRICHSHAFEN AG (“ACQUIRER”) along with WABCO Asia Private Limited (“PAC 1”), LucasVarity (“PAC 2”) and ZF International UK Limited (“PAC 3”) (herein collectively referred to as “PACs”) to acquire up to 47,41,900 (Forty Seven Lakh Forty One Thousand Nine Hundred Only) fully paid-up equity shares of face value of Rs. 5/- (Rupees Five Only), representing 25% (Twenty-Five Per Cent) of the voting share capital of Wabco India Limited (“Target Company”) from the public shareholders of the Target Company at a price of Rs. 7,067.51/- (Rupees Seven Thousand Sixty-Seven And Fifty-One Paise Only) per Offer Share (“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 thereto (“SEBI (SAST) REGULATIONS”) from August 13, 2020 to August 26, 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 11, 2020
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