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, 20201102-43 dated 02 Nov 2020, 20210825-62 dated Aug 25,2021 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 a Open Offer is made by Mr. Amar Jintendra Patwa (“Acquirer 1”), Ms. Sangita Amar Patwa (“Acquirer 2”) and Ms. Shah Shalvi Rajan (“Acquirer 3”) to acquire upto 7,86,000 (Seven Lakh Eighty Six Thousand Only) equity shares of face value of Rs.10/- each representing 26.09% of the total outstanding, issued, and fully equity share capital on a fully diluted basis carrying voting rights of AKM Lace and Embrotex ltd (“Target Company”) at price of Rs. 10/- per fully paid up equity share of face value of Rs.10/- each (“Offer Price”) payable in Cash, pursuant to the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011, including amendments thereto (“Takeover Regulations”), from November 09,2021 to November 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
November 02,2021 |