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 Luxembourg Investment Company 428 S.à r.l. (“Acquirer”), Luxembourg Investment Company 426 S.à r.l. (“PAC 1”), Clariant AG (“PAC 2”), Heubach Holding GmbH (“PAC 3”), Ravi Kapoor (“PAC 4”), Heubach Verwaltungs GmbH (“PAC 5”) Colorants International AG (“PAC 6”) (PAC 1, PAC 2, PAC 3, PAC 4, PAC 5 and PAC 6 are collectively referred to as “PACs”) to the public shareholders of Clariant Chemicals (India) Limited (“Target Company”) at a price of Rs. 493.84 (Rupees Four Hundred Ninety-Three And Eighty-Four Paisa) per fully paid-up equity share, payable in cash, of the face value of Rs.10 (Rupee Ten Only) each, to acquire up to 6,001,268 (Six Million One Thousand Two Hundred Sixty-Eight) fully paid-up equity shares representing 26.00% (Twenty Six Percent) of the voting share capital (as defined below), under the SEBI (substantial acquisition of shares and takeovers) regulations, 2011 to the public shareholders of the target company, pursuant to Regulations 3(1), 4 and 5(1) and other applicable provisions of the Takeover Regulations, from February 16, 2022 to March 02, 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 12, 2022 |