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 and 20201102-43 dated 02 Nov 2020 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 is made by Mr. Samarth Prabhudas Ramanuj (“Acquirer 1”), Mr. Raja Lachhmandas Utwani (“Acquirer 2”), (Acquirer 1 and Acquirer 2 are hereinafter collectively referred to as “Acquirers”) along with the following persons acting in concert Ms. Shruti Ramanuj (“PAC 1”), Mr. Lachhman Ghanshamdas Utwani (“PAC 2”), Ms. Meena Lachhmandas Utwani (“PAC 3”), Ms. Veena Lachhmandas Utwani (“PAC 4”), Haxco Invest Private Limited (“PAC 5”), (PAC 1, PAC 2, PAC 3, PAC 4 and PAC 5 are hereinafter collectively referred to as “PACs”) to the Shareholders of Diggi Multitrade Limited (“Target Company”) to acquire upto 25,20,000 (Twenty Five Lakhs Twenty Thousands) Fully Paid Up Equity Shares of the face value of Rs. 10/- each, representing 26.04% of the total Equity and voting Share Capital of the Target Company, at a price of Rs. 19/- (Rupees Nineteen Only) per fully paid-up Equity Share (the “Offer Price”) payable in Cash pursuant to in compliance with the Regulations 3(1) and 4 and other applicable regulations of the SEBI (SAST) Regulations, 2011 for substantial acquisition of shares and voting rights accompanied by change in control over management of the Target Company. From June 30, 2023 to July 13, 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 – www.bseindia.com.
Mangesh Tayde
Deputy General Manager
Listing Sales & Ops
June 26, 2023 |