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NOTICES
Notice No.   20210204-5   Notice Date   04 Feb 2021
Category   Trading   Segment   Equity
Subject   Opening of Offer to Buy – Acquisition Window (Takeover) of Fairchem Organics Limited
Attachments   Letter of Offer.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 2020 and 20201102-43 dated 02 Nov 2020 has 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 FIH Mauritius Investments Ltd (“Acquirer”) along with the following persons acting in concert (“PACs”) FIH Private Investments Ltd (“PAC 1”) , Mr. Nahoosh J. Jariwala (“PAC 2”), Mr. Utkarsh B. Shah (“PAC 3”), Jariwala Tradelink LLP (“PAC 4”), and Nahoosh Tradelink LLP (“PAC 5”) has made a Cash Offer Of Rs. 575.53 (Indian Rupees Five Hundred Seventy Five And Fifty Three Paise Only) per fully paid up equity share of the face value of Rs. 10 (Indian Rupees Ten Only) each, to acquire up to 33,77,953 (Thirty Three Lakhs Seventy Seven Thousand Nine Hundred And Fifty Three) fully paid up equity shares representing 25.94% (Twenty Five Point Nine Four Percent) of the voting share capital under the Sebi (Sast) Regulations to the public shareholders of Fairchem Organics Limited (“Target Company”) from February 09, 2021 to February 23, 2021.

 

Letter of Offer is herewith attached for your perusal.

 

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

February 04, 2021