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. Vibhu Maurya (“Acquirer”) to the public shareholders of Onesource Ideas Venture Limited (“Target Company”) to acquire up to 8,00,000 fully paid-up equity shares of face value of Rs.10/- (Rupees Ten Only) each (“equity shares”), representing 26.02% of the equity and voting share capital of the target company, at a price of Rs.16.00 (Rupees Sixteen only) per equity share plus an Interest component* of Rs.7.54 (Rupees Seven & Paise Fifty Four Only) per Equity Share, pursuant to and in compliance with Regulations 3(1), 4 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 from January 13, 2022 to January 27, 2022.
* The interest amount shall however be payable to only those public shareholders who were holding shares in the Target Company when the previous open offer obligation had been triggered by Seller 2 (on May 27, 2017) and continue to remain as public shareholders till date. This interest component of Rs 7.54 shall be separately settled by the Registrar and Transfer Agent (RTA).
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 11, 2022 |