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| NOTICES |
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| Notice No. |
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20210114-14 |
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Notice Date |
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14 Jan 2021 |
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| Category |
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Trading |
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Segment |
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Equity |
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| Subject |
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: Public Announcement for Failure of Delisting Offer of Shyam Telecom Limited |
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| Attachments |
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Letter to BSE.pdf ; Post Offer PA.pdf ; |
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| Content |
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This is in continuation with Exchange notice no 20210104-21 dated January 04, 2021 for the Delisting Offer made by Intell Invofin India Private Limited (“Acquirer”) to the public shareholders of Shyam Telecom Limited for which the bidding period closed on January 13, 2021. Sundae Capital Advisors Private Limited, Manager to the Issue along with Acquirer has informed the Exchange the delisting offer is deemed to have failed in terms of Regulation 19(1) of the SEBI (Delisting of Equity Shares) Regulations, 2009.
The post offer public announcement in relation to the above will be published by the Acquirers in accordance with the Delisting Regulations ("Post Offer PA") in the newspapers on January 15, 2021
In view of failure of the Delisting Offer of Shyam Telecom Limited all shares tendered in the Delisting Offer shall be returned/ released to the respective investors/ public shareholders by Clearing Corporation (ICCL) on January 15, 2021 on best effort basis.
A copy of the letter dated January 14,2021 from the Manager to the Issue and post offer public announcement submitted to the Exchange is attached for your information
All Market Participants, Trading Members and Custodians are requested to take note of the same.
Atul Dhotre
Senior Manager
Listing Sales & Ops
January 14, 2021
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