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 Jonna Venkata Tirupati Rao (“Acquirer”) along with Gayi Adi Management And Trends Private Limited (“PAC”) has made a cash offer to acquire up to 1,48,85,730 (One Crore Forty Eight Lakh Eighty Five Thousand Seven Hundred Thirty Only) DVR shares, from the public shareholders OF Stampede Capital Limited- DVR (“Target Company”) at Rs. 0.55/- (Fifty Five Paise Only) per fully paid-up equity share with differential voting rights of face value of Rs. 1/- (Indian Rupee One) Each (“DVR Share”), pursuant to and in compliance with Regulation 3(1) and 4 of the SEBI (SAST) Regulations, 2011, from September 25,2020 to October 09,2020.
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 24,2020
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