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 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. 20190424-35 dated April 24, 2019, 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 has been made by Mahesh Kumar Agarwal (hereinafter referred to as “Acquirer”) to acquire up to 9,12,500 (Nine Lakhs Twelve Thousand And Five Hundreds) fully paid-up equity shares of face value of Rs. 10 each representing 26.00% of the voting equity share capital of the Devki Leasing and Finance Limited (hereinafter referred to as “Target Company”) on a fully diluted basis, as of the tenth working day from the closure of the tendering period of the Open Offer (“Voting Share Capital”), from the eligible shareholders of the Target Company at a price of Rs. 8.00 per Equity Share, pursuant to the Regulation 3(1) and 4 and other applicable provisions of the Takeover Regulations for substantial acquisition of Equity Shares / voting rights accompanied with change in control of the Target Company. from January 07, 2022 to January 20, 2022.
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
January 03, 2022 |