Notice No.   20200930-16   Notice Date   30 Sep 2020
Category   Trading   Segment   Equity
Subject   Opening of Offer to Buy – Acquisition Window (Takeover) of Aarti Surfactants Limited
Attachments   Letter of Offer.pdf ;

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 Open Offer is made By Mrs. Jaya Chandrakant Gogri (“Acquirer 1”) And Nikhil Holdings Private Limited (“Acquirer 2”)  to the Eligible Shareholder(s) of Aarti Surfactants Limited (“Target Company”) to acquire upto 19,71,965 (Nineteen Lakhs Seventy One Thousand Nine Hundred Sixty Five only) fully paid Equity Shares of face value Rs. 10/- each (“Offer Shares”) representing 26% (Twenty Six per cent) of the fully paid-up equity share capital and voting capital of the Target Company on a fully diluted basis, as of the tenth working day from the closure of the tendering period of the open offer, for cash at a price of Rs. 284/-  (Rupees Two Hundred Eighty Four only) per equity share (“Offer Price”),pursuant to Regulation 3(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto (“SEBI (SAST) Regulations”), from October 5, 2020 To October 16, 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 –



Atul Dhotre

Senior Manager

Listing Sales & Ops

September 30, 2020