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NOTICES
Notice No.   20220208-47   Notice Date   08 Feb 2022
Category   Trading   Segment   Equity
Subject   Opening of Offer to Buy – Acquisition Window (Takeover) for Parsharti Investment Limited
Attachments   Letter of Offer of PARSHANIV.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 an open offer has been made by Mr. Patel Ghanshyambhai N (“Acquirer 1’’) and Mr. Patel Pareshbhai Nanjibhai (“Acquirer 2’’) to   acquire 8,72,898 (Eight Lakhs Seventy-Two Thousand Eight Hundred and Ninety-Eight) fully paid-up equity shares of face value of Rs.10.00/- (Rupees Ten Only) each (‘Equity Shares’), representing 26.00% (Twenty-Six Percent) of the Voting Share Capital of Parsharti Investment Limited (‘PARSHINV’ or ‘Target Company’), at an offer price of Rs.7.00/- (Rupees Seven Only) (‘Offer Price’), in accordance with Regulations 3 (1) and 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 February 10, 2022 to February 23, 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

February 08, 2022