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NOTICES
Notice No.   20211129-3   Notice Date   29 Nov 2021
Category   Trading   Segment   Equity
Subject   Opening of Offer to Buy – Acquisition Window (Delisting) for East India Securities Ltd
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 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  is being made to the Public Shareholders of East India Securities Ltd (“Target Company”) by Mr. Vivek Agarwal (“Acquirer”). Accordingly, the acquirer would  acquire 10,08,000 Equity Shares, representing 27.49% of the total paid-up equity share capital of the Company, in respect of Delisting of Equity Shares of the Target Company, held by the Public Shareholders at the floor price of Rs.1306/- per offer share of face value Rs.10.00/- each through the reverse book-building process (“RBBP”) in respect of Delisting of Equity Shares of the Company from BSE, in accordance with the SEBI Delisting Regulations from November 30, 2021 to December 06, 2021.

The Equity shares of East India Securities Ltd. are listed on SME Platform of BSE Limited (“BSE SME”).

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 29, 2021