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 and 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 Oswal Minerals Limited (“Target Company”/ “OSWALMIN”) is made by the Mohanlal Bharath Kumar Jain (“Acquirer 1”), Sripal Kumar Mohanlal (“Acquirer 2”), Subhash Chand Mohanlal (“Acquirer 3”), Sapna Jain (“Acquirer 4”) and Seema Jain (“Acquirer 5”) hereinafter collectively referred to as the “Acquirers”, to acquire 13,91,908 (Thirteen Lakhs Ninety-One Thousand Nine Hundred And Eight) fully paid-up equity shares of face value of Rs 10.00/- (Rupees Ten only) each (‘equity shares’), representing 18.43% of the total paid-up equity and voting share capital of Target Company, held by the Public Shareholders at the floor price of Rs. 47/- (Rupees Forty Seven Only) per equity share through the reverse book-building process (“RBBP”) in respect of Delisting of Equity Shares of the Company from MSE, in accordance with the SEBI Delisting Regulations from November 12, 2021 to November 18, 2021.
The equity shares of Oswal Minerals Limited are only listed on Metropolitan Stock Exchange (MSE).
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
November 10, 2021 |