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 Mr. Rakesh Kumar Singhal (“Acquirer 1”), Mr. Vishal Singhal (“Acquirer 2”), Tirupati Containers Private Limited (“Acquirer 3”) along with person acting in concert Mrs. Kusum Singhal (“PAC 1”) Mrs. Tanya Singhal (“PAC 2”) has made a Cash Offer of Rs. 25/- (Rupees Twenty-Five Only) per fully paid up equity share of the face value of Rs. 10 (Rupees Ten Only) each, to acquire up to 9,10,415 (Nine Lakhs Ten Thousand Four Hundred And Fifteen) fully paid up equity shares representing 26.00% (Twenty Six Per Cent) of the total voting share capital to the Public Shareholders Of IM+ Capitals Limited (“Target Company”) pursuant to the SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011 from September 09,2020 to September 22,2020
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
September 07,2020
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