Notice No.   20230418-53   Notice Date   18 Apr 2023
Category   Trading   Segment   Equity
Subject   Opening of Offer to Buy – Acquisition Window (Takeover) of PH Trading Limited
Attachments   Letter of Offer_Phtrading.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 Santan Investment Advisory LLP (‘Acquirer 1’), Mr. Mallinath Madineni (‘Acquirer 2’), Mrs. Prathima Mallinath Madineni (‘Acquirer 3’) (hereinafter collectively referred to as ‘Acquirers’) to the existing public shareholders of PH Trading Limited (“Target Company”) to acquire up to 1,23,340 (One Lakh Twenty-Three Thousand Three Hundred and Forty Only) Equity Shares of face value of INR 10/- (Rupees Ten) each (‘Offer Shares’) each at a price of INR 75/- (Rupees Ten) each representing 25.70% of the emerging voting capital of the Target Company in, pursuant to Regulations 3(1) and 4 and other applicable regulations of SEBI (SAST) Regulations, 2011 and subsequent amendments thereto for substantial acquisition of shares and control over the Target Company, from April 20, 2023 to May 4, 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

April 18, 2023