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NOTICES |
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Notice No. |
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20230821-25 |
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Notice Date |
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21 Aug 2023 |
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Category |
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Trading |
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Segment |
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Equity |
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Subject |
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Opening of Offer to Buy – Acquisition Window (Delisting) for Ryam Commerce & Plantations Limited |
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Attachments |
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Letter of Offer- RCPL.pdf ; |
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Content |
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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 Takeovers, 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, 20190207-23 dated 07 Feb 2019 and 20200528-32 dated 28 May 2020 and 20201102-43 dated 02 Nov 2020 and 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 Offer for Voluntary Delisting of Equity Shares to the Public Shareholders of Ryam Commerce & Plantations Limited (“Target Company”) is made by Mr. Prashant Kanoria (“Acquirer”) to acquire 20911 Equity Shares representing 2.09% of the equity share capital of the Company, that are held by the Public Shareholders at the floor price of Rs. 291/- (Rupees Two Hundred and Ninety-One only) per equity share through the reverse book-building process in accordance with the SEBI Delisting Regulations, from August 25, 2023 to August 31, 2023.
The Target Company is listed on The Calcutta Stock Exchange Limited (CSE).
Letter of Offer is attached for your perusal.
Market participants are further requested to note that the details of this Offer to Buy would be available on BSE Website – www.bseindia.com.
Mangesh Tayde
Asst. General Manager
Listing Sales & Ops
August 21, 2023 |
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