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NOTICES
Notice No.   20220207-13   Notice Date   07 Feb 2022
Category   Trading   Segment   Equity
Subject   Opening of Offer to Buy – Acquisition Window (Takeover) for IFL Enterprises Ltd
Attachments   LOF_IFL ENTERPRISES.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 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 Shri Gandhi Nishant S (“Acquirer’’) to acquire upto 7,86,000 (Seven Lakh Eighty Six Thousand) equity shares of face value INR 10/- (Rupees Ten Only) each at a price of Rs.20/- (Rupees Twenty Only) per fully paid up equity share, representing 26.18% of the total outstanding, issued and fully paid up equity share capital on a fully diluted basis carrying voting rights of the IFL Enterprises Limited (“Target Company”), pursuant to and in compliance with Regulations 4 of the Takeover Regulations for control over the Target Company from February 08, 2022 to February 21, 2022.

Copy of Letter of Offer is attached herewith.

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

February 04, 2022