Notice No.   20230818-40   Notice Date   18 Aug 2023
Category   Trading   Segment   Equity
Subject   Opening of Offer to Buy – Acquisition Window (Takeover) of UNICHEM LABORATORIES LTD.
Attachments   LOF - Unichem.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 is made by Ipca Laboratories Limited (“Acquirer”) (referred to as “Acquirer”) to the public shareholders of Unichem Laboratories Ltd. (“Target Company”) at a price of INR Rs. 440/- (Rupees Four Hundred & forty only) (“Offer Price”) per Equity Share, payable in cash, to acquire up to 1,83,05,495 (One Crore Eighty Three Lakhs Five Thousand Four Hundred And Ninety Five Only) fully paid-up equity shares (“Offer Shares”) of face value Rs.2.00/-, representing 26% (Twenty Six percent) of the fully diluted voting Equity Share Capital of the Target Company, pursuant to the Regulation 3(1) and 4 of Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 and subsequent amendments thereto (“SEBI SAST Regulations”) for substantial acquisition of shares/voting rights accompanied with change in control and management of the Target Company, August 28,2023 To September 08, 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

Deputy General Manager

Listing Sales & Ops

August 18, 2023