Notice No.   20220708-2   Notice Date   08 Jul 2022
Category   Trading   Segment   Equity
Subject   Opening of Offer to Buy – Acquisition Window (Takeover) of Moongipa Securities Limited
Attachments   Corrigendum to Upward revision in price.pdf ; Letter of Offer_MSL.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. Rahul Gupta (“Acquirer 1”), Mr. Rohan Gupta (“Acquirer 2”) (Hereinafter collectively referred to as ‘Acquirers’) to the existing public shareholders of Moongipa Securities Limited (“Target Company”) to acquire upto 13,02,652 (Thirteen Lacs Two Thousand Six Hundred and Fifty-Two) fully paid Equity Shares of face value Rs.10/- each (“Offer Shares”) representing 26.00% of the total paid-up equity share capital of the Target Company at a price of Rs.58/- (Rupees Fifty Eight Only) per equity share (“Offer Price”) (including  interest at the rate of 10% per annum per fully paid Equity share payable in cash), pursuant to Regulation 3(1) and 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 July 11, 2022 to July 22, 2022.

Letter of Offer and corregendum to letter of offer is herewith attached for information.

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

July 08, 2022