Notice No.   20220617-50   Notice Date   17 Jun 2022
Category   Trading   Segment   Equity
Subject   Opening of Offer to Buy – Acquisition Window (Takeover) of Reliance Jute Mills (International) Limited
Attachments   Final Letter of Offer.pdf ;
 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. Surendra Agarwal (“Acquirer 1”), Mr. Sunil Jain (“Acquirer 2”), Mrs. Anita Jain (“Acquirer 3”), Mr. Akhil Jain (“Acquirer 4”) and Mrs Shilpa Jain (“Acquirer 5”) (hereinafter collectively referred to as “Acquirers”)  along with Mrs. Seema Agarwal (“PAC 1”), Mrs. Somya Goyal (“PAC 2”) and Mr. Mayank Goyal (“PAC 3”) (hereinafter collectively referred to as “PACs”) to the public shareholders of Reliance Jute Mills (International) Limited (“Target Company”) to acquire up to 6,48,612 (Six lacs Forty Eight Thousand Six Hundred and Twelve) Equity Shares of face value of Rs.10.00/- (Rupees Ten Only) each, representing 25.05% of the Voting Share Capital of Target Company, at an offer price of Rs.7.50/- (Rupees Seven and Fifty Paisa only) (‘Offer Price’)in accordance with the provisions of 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, from June 22, 2022 to July 05, 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 –


Atul Dhotre

Senior Manager

Listing Sales & Ops

June 17, 2022