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 (“Offer”) is made by Mr. Rahul Jain (‘Acquirer 1’), Mrs. Madhuri Jain (‘Acquirer 2’), Mr. Nikhil Jain (‘Acquirer 3’), Mr. Namit Jain (‘Acquirer 4’), Mr. Rohit Jain (‘Acquirer 5’), Mrs. Anshumala Jain (‘Acquirer 6’), Mrs. Mugdha Jain (‘Acquirer 7’), VK Global Digital Private Limited (‘Acquirer 8’) And VK Global Publications Private Limited (‘Acquirer 9’) (hereinafter collectively referred as “Acquirers”) to the public shareholders of SPS International Ltd (Hereinafter referred to as ‘Target Company’ or ‘SIL’) to acquire up to either 11,01,854 (Eleven Lakh One Thousand Eight Hundred Fifty Four) Equity Shares of face value Rs.10.00/-(Indian Rupees Ten Only), representing 26.00% (Twenty six Percent) of the Expanded Share Capital of the Target Company at a price of Rs.10/- (Indian Rupees Ten only) per fully paid-up equity share pursuant to Regulation 3(1) and Regulation 4 of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto for substantial acquisition of shares in the Target Company, from May 13, 2022 to May 27, 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
May 10, 2022 |