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NOTICES
Notice No.   20200930-29   Notice Date   30 Sep 2020
Category   Trading   Segment   Equity
Subject   Opening of Offer to Buy – Acquisition Window (Takeover) of Accelya Solutions India Limited
Attachments   LOF.pdf ;
Content

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 Aurora Uk Bidco Limited (“Acquirer”) along with Vista Equity Partners Perennial, L.P (“PAC 1”), Vista Equity Partners Perennial A, L.P. (“PAC 2”), Accelya Topco Limited (“PAC 3”) (collectively referred to as the “PACs”) at a price of INR. 1,042.99 per equity share, payable in cash, to acquire up to 3,782,966 fully paid up equity shares of face value of INR 10 each (“Offer Shares”), representing 25.34% of the Voting Share Capital from the Public Shareholders of Accelya Solutions India Limited (“Target Company”), in accordance to 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 – www.bseindia.com.

 

 

Atul Dhotre

Senior Manager

Listing Sales & Ops

September 30, 2020