Notice No.   20220715-1   Notice Date   15 Jul 2022
Category   Trading   Segment   Equity
Subject   Opening of Offer to Buy – Acquisition Window (Takeover) of Veritas (India) Limited
Attachments   Veritas - 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 Swan Energy Limited (Hereinafter referred to as ‘Acquirer’) to the existing public shareholders of Veritas (India) Limited (“VERITAS” /“Target Company”) to acquire 69,70,600 (Sixty Nine Lakhs Seventy Thousand Six Hundred Only) Fully Paid Up Equity Shares of the face value of Re.1/- each, being constituting 26.00% of the Equity Share Capital of  the Target Company at a price of Rs. 126/- (Rupees One Hundred & Twenty Six Only) per fully paid-up Equity Share (the “Offer Price”), pursuant to Regulations 3(1) & 4 and all other applicable provisions of the SEBI (SAST), Regulations 2011., from July 21, 2022 to August 03, 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

July 15, 2022