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 Mr. Neeraj Gupta (“Acquirer 1”), Mr. Gaurav Jindal (“Acquirer 2”), Ms. Mansi Goyal (“Acquirer 3”), Ms. Arti Gupta (“Acquirer 4”), M/s Freshplate Agro Foods Private Limited (“Acquirer 5”) and M/s Ashva Energy Private Limited (“Acquirer 6”) (hereinafter collectively referred to as the “Acquirers”) to the public shareholders of Krishna Ventures Limited (“Target Company”) to acquire 27,40,000 (Twenty Seven Lakh Forty Thousand) Fully Paid Up Equity Shares of face value of Rs. 10/- (Rupees Ten only) each, representing 25.37% of the Paid Up Equity Share Capital of the Target Company at a price of Rs. 11.50/- (Rupees Eleven and Fifty Paise only) per Equity Share payable in cash, pursuant to and in compliance with Regulation 3(1) and Regulation 4 read with other applicable provisions of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto (“SEBI (SAST) Regulations”), from February 25, 2022 to March 11, 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 22, 2022 |