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 Offer for Voluntary Delisting of Equity Shares to the Public Shareholders of Apex Holdings Limited (“Company”/ “AHL”) is made by the members of Promoter group of the Company. Pranay Satish Mehta (“Acquirer 1”) and Thakorlal Hiralal Exports Pvt Ltd (“Acquirer 2”) to acquire 40,151, representing approximately 20.08% of the Equity Share Capital and Voting Share Capital, held by the Public Shareholders of face value Rs. 10/- each at the floor price of Rs. 2,450/- per per Offer Share determined in accordance with the Delisting Regulations, through the reverse book-building process (“RBBP”) in accordance with the SEBI Delisting Regulations from July 12, 2021 to July 16, 2021.
The equity shares of Apex Holdings Limited are only listed on Calcutta Stock Exchange (CSE).
Letter of Offer is attached for your perusal.
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
July 09, 2021
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