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 Takeovers, 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, 20190207-23 dated 07 Feb 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 an voluntary offer for delisting of equity shares of Remi Edelstahl Tubulars Limited (the “Company”) is made by the members of promoter group of the Company, Remi Securities Limited (“Promoter Acquirer 1”), Bajrang Finance Limited ("Promoter Acquirer 2"), Remi Finance & Investment Private Limited ("Promoter Acquirer 3), Vishwakarma Jobworks Limited ("Promoter Acquirer 4 ") ") (jointly referred to as the “Promoter Acquirers”), to acquire upto 41,26,348 equity shares of face value of Rs. 10/- each of the Company (“Equity Shares”) at the floor Price of Rs. 19.69 per Equity Share, through the reverse book-building process (“RBBP”) in accordance with the Delisting Regulations from February 23, 2021 to March 01, 2021.
Copy of letter of Offer is being attached with this notice.
Market participants are further requested to note that the details of this Offer to Buy would be available on BSE Website – www.bseindia.com.
Atul Dhotre
Senior Manager
Listing Sales & Ops
February 17, 2021
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