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NOTICES
Notice No.   20210727-14   Notice Date   27 Jul 2021
Category   Trading   Segment   Equity
Subject   Opening of Offer to Buy – Acquisition Window (Takeover) of Gayatri Tissue & Papers 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 VR Integrated Project Management Private Limited (“Acquirer”) to the existing public shareholders of Gayatri Tissue & Papers Limited (“GTPL” or the “Target Company”)  to acquire up to 3,75,300 (Three Lakh Seventy-Five Thousand Three Hundred) fully paid-up equity shares of Rs.10.00/- (Rupees Ten Only) (“Equity Shares”) each, representing 25.02% of the voting share capital of the Target Company, at a price of Rs.28.00/- (Rupees Twenty-Eight Only) per Equity Share (“Offer Price”) payable in cash (“Offer” or “Open Offer”), pursuant to Regulation 3(1) and Regulation 4 of the SEBI (SAST) Regulations for substantial acquisition of shares/ voting rights accompanied with change in control and management of the Target Company, from July 30, 2021 to August 12, 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 27, 2021