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NOTICES
Notice No.   20210707-1   Notice Date   07 Jul 2021
Category   Trading   Segment   Equity
Subject   Opening of Offer to Buy – Acquisition Window (Takeover) of Pentokey Organy (India) 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 an Open Offer is made By Mr. Purshottam Kejriwal (“Acquirer 1”) And Mr. Vibhu Kejriwal (“Acquirer 2”) Mr. Shantanu Purshottam Kejriwal (“Acquirer 3”) Mr. Kostuv Purshottam KejriwaL (“Acquirer 4”) (collectively referred to as “Acquirers”) to the Public Shareholder(s) of Pentokey Organy (India) Limited (“Target Company”) to acquire upto 15,99,850 (Fifteen Lakhs Ninety Nine Thousand Eight Hundred Fifty Only) fully paid Equity Shares of face value Rs. 10/- each (“Offer Shares”) representing 25.51% 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. 8.75 (Rupees Eight And Seventy Five Paise Only) per equity share (“Offer Price”) ”) pursuant to Regulations 3(1) and 4 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto (“SEBI (SAST) Regulations”), from July 9, 2021 to July 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

July 05, 2021