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NOTICES
Notice No.   20220223-41   Notice Date   23 Feb 2022
Category   Trading   Segment   Equity
Subject   Opening of Offer to Buy – Acquisition Window (Takeover) of Kachchh Minerals Ltd
Attachments   Kachchh_Letter of Offer.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 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 Daksh Narendrabhai Trivedi (“Acquirer 1”), Prakashbhai Haribhai Kanani (“Acquirer 2”), Devising Tejabha Hathal (“Acquirer 3”), Jaykumar Vasudevbhai Sadariya (“Acquirer 4”) (hereinafter collectively referred to as the “Acquirers”); and Narendrabhai Trivedi (“PAC 1”), Vasuben Narendrabhai Trivedi (“PAC 2”), Abhi Daksh Trivedi (“PAC 3”), Bhaveshbhai Haribhai Kanani (“PAC 4”), Keshubha Lakhubha Hathal (“PAC 5”), Dungarbha Lakhubha Hathal (“PAC 6”), Indiraben Vasudevbhai Sadariya (“PAC 7”), Hiralkumar Vasudevbhai Sadariya (“PAC 8”) and  Ashokbhai Jivrajbhai Bhut (“PAC 9”) collectively referred to as the “PACs”,  to the public shareholders of Kachchh Minerals Limited (“Target Company”) upto acquire 13,78,234  Equity Shares of face value Rs. 10/- each representing 26.00% of the total issued Share Capital and 26.44% of the Voting Share Capital of the Target Company from the Eligible Shareholders of the Target Company at a price of Rs. 8/- (Rupees Eight only) per fully paid up 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 23, 2022