Notice No.   20230213-55   Notice Date   13 Feb 2023
Category   Trading   Segment   Equity
Subject   Opening of Offer to Buy – Acquisition Window (Takeover) of Advik Capital Limited

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. Vikas Garg ("Acquirer 1”), Ms. Seema Garg ("Acquirer 2”) (Hereinafter collectively referred to as “Acquirers”) along with Ms. Sukriti Garg (“PAC”) to the existing public shareholders of Advik Capital Limited (“Target Company”) to acquire upto 5,72,50,253 (Five Crore Seventy Two Lakh Fifty Thousand Two Hundred and Fifty Three) Equity Shares representing 26.00% of the paid-up equity share capital of the Target Company at an offer price of INR 4.35/- (Indian Rupees Four And Thirty Five Paisa Only) per fully paid-up equity share payable in cash, which includes interest of INR 0.17 (Seventeen Paisa only) at the rate of ten percent (10%) per annum payable in Cash, 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, from February 16, 2023 to March 01, 2023.

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 –


Mangesh Tayde

Assistant General Manager

Listing Sales & Ops

February 13, 2023