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NOTICES
Notice No.   20220119-2   Notice Date   19 Jan 2022
Category   Trading   Segment   Equity
Subject   Opening of Offer to Buy – Acquisition Window (Takeover) of Sunshield Chemicals Ltd
Attachments   Letter of Offer Sunshield Chemicals Limited.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 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 an Open Offer is made by Indus Petrochem Limited (hereinafter referred to as “Acquirer”) to the public shareholders of Sunshield Chemicals Ltd (“Target Company”) to acquire up to 19,11,796 (Nineteen Lakhs Eleven Thousand Seven Hundred and Ninety-Six) Equity Shares (“Offer Shares”) of Face value Rs.10.00/- each (Indian Rupees Ten Only), representing 26.00% (Twenty-Six Percent) of the Voting Share Capital of Target Company from the Equity Public Shareholders of the Target Company, at a price of INR 352.53/- (Indian Rupees Three Hundred and Fifty-Two and paise Five Three Only) per Equity Share (“Offer Price”), 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 and subsequent amendments thereto, (“SEBI (SAST) Regulations”) (“Offer”), from January 28, 2022 to February 10, 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 19, 2022