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 Vadasseril Chacko Georgekutty (Acquirer 1), Midhun Ittoop (Acquirer 2), Varghese Mathew (Acquirer 3) to acquire up to 9,75,026 (Nine Lakhs Seventy-Five Thousand And Twenty-Six) fully paid-up equity shares of face value of Rs. 10.00/- (Indian Rupees Ten Only) each (hereinafter referred to as ‘Equity Shares’) of Richfield Financial Services Limited (hereinafter referred to as ‘RFSL’ or the ‘Target Company’), representing 26.00% of the total paid–up Equity Share capital and voting share capital of the Target Company (hereinafter referred to as ‘Open Offer’), at a price of Rs. 23.10/- (Indian Rupees Twenty-Three and Ten Paise only) per Equity Share, including interest at the rate of 10% (Ten Percent) per annum per Equity Share for the delay beyond the scheduled date of payment, payable in cash (hereinafter referred to as ‘Offer Price’), of by the Acquirers in accordance with Regulation 3 (1) and Regulation 4 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and subsequent amendments thereto, (hereinafter referred to as ‘SEBI (SAST) Regulations’) from 02 September, 2021 to 16 September, 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
August 25, 2021
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