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 Mr. Yashovardhan Sinha (“Acquirer”) along with person acting in concert Ms. Sunita Sinha (“PAC 1”), Mr. Nishant Prabhakar (“PAC 2”), Ms. Rashi Vardhan (“PAC 3”), Ms. Yosham Vardhan (“PAC 4”), D Yashovardhan Sinha HUF (“PAC 5”), to acquire up to 31,28,000 Equity Shares representing 26% of the total voting share capital of the Aditya Vision Limited (“Target Company”)on a fully diluted basis, as of the tenth working day from the closure of the tendering period of the open offer (“Voting Share Capital”) form the eligible shareholders of the Target Company of Rs. 10/- each at the offer price of Rs.24/- per fully paid-up equity share / voting rights to the Shareholders of Target Company, pursuant to Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments, SEBI (SAST) Regulations thereof, from August 14,2020 to August 27,2020
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 13, 2020
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