Notice No.   20221007-19   Notice Date   07 Oct 2022
Category   Trading   Segment   Equity
Subject   Opening of Offer to Buy – Acquisition Window (Takeover) of Asit C.Mehta Financial Services Ltd
Attachments   Asit C Mehta_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 Cliqtrade Stock Brokers Private Limited (“Acquirer”) to the existing public shareholders of Asit C.Mehta Financial Services Ltd (“Target Company”) to acquire up to 12,58,674 fully paid up equity shares, having face value of Rs.10 (Indian Rupees Ten Only) each (“Equity Shares”), representing 25.41%* (Twenty Five Point Forty One Percent Only) of the voting share capital of the target company, at a price of Rs.151.44/- (Indian Rupees One Hundred Fifty One And Forty Four Paise Only) per equity share (“offer price”), payable in cash, pursuant to regulation 3(1) and 4 of the securities and exchange board of india (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011, from October 13, 2022 to October 28, 2022.

*-As per SEBI (SAST) Regulations, the open offer under regulation 3 and 4 shall be for at least 26% of the total shares of the target company, as of 10th working day from the closure of the Tendering Period. However, the public shareholding of the Target Company is 25.41%, and therefore, the Offer Shares represent 25.41% of the fully paid-up Voting Share Capital of the Target Company.

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

October 07, 2022