Notice No.   20211209-50   Notice Date   09 Dec 2021
Category   Trading   Segment   Equity
Subject   Opening of Offer to Buy – Acquisition Window (Takeover) of Maitri Enterprises Ltd
Attachments   CORRIGENDUM TO THE LETTER OF OFFER_20211209135500.pdf ; LOF_20211209135459.pdf ;

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 Cash Offer is made by Mr. Jaikishan Rameshlal Ambwani (‘Acquirer 1’), Mr. Chanderlal Bulchand Ambwani (‘Acquirer 2’), Mr. Rameshlal Bulchand Ambwani (‘Acquirer 3’) (hereinafter referred to as the " Acquirers") and Mr. Kailash Rameshlal Ambwani (‘Pac 1’), Mrs. Seema Rameshlal Ambwani (‘Pac 2’), Mrs. Usha Chanderlal Ambwani (‘Pac 3’), Mrs. Deepa Dipak Ambwani (‘Pac 4’), Mr. Deepak Rameshlal Ambwani (‘Pac 5’), Mrs. Kusumben Kailash Ambwani (‘Pac 6’), Mrs. Sarla Jaikishan Ambwani (‘Pac 7’) (hereinafter referred to as the “PACs”(Person Acting in Consert)) to the public shareholders of Maitri Enterprises Ltd (“Target Company”) to acquire upto 11,44,000 (Eleven Lakh and Forty Four Thousand) equity shares of Rs.10/- each representing 26% of the emerging voting capital of the Target Company at a price of Rs.10.80/- (Ten Rupees and Eighty Paise) per share, pursuant to and in compliance with Regulations 3 (1), 4 and other applicable regulations of the SEBI (SAST) Regulations, from December 13, 2021 to December 24, 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 –


Atul Dhotre

Senior Manager

Listing Sales & Ops

December 09, 2021