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 Satnam Singh (“Acquirer 1”), Harjot Kaur Chawla (“Acquirer 2”) and Parminder Kaur (“Acquirer 3”) (hereinafter referred to as “Acquirers”) to the public shareholders of Prabhhans Industries Limited (“Target Company”) (Formerly Known As Sea Gold Infrastructure Limited earlier known as Sea Gold Aqua Farms Ltd ) to acquire up to 15,31,330 (Fifteen Lakh Thirty One Thousand Three Hundred Thirty) Equity Shares (“Offer Shares”) of Face value Rs.10.00/- each (Indian Rupees Ten Only), representing 24.51% of the Expanded Share Capital on a fully diluted basis carrying voting rights of Target Company, at a price of Rs.10.00/- (Indian Rupees Ten 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 for control over the Target Company, 2011 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 27, 2022 |