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NOTICES
Notice No.   20250114-6   Notice Date   14 Jan 2025
Category   Trading   Segment   Equity
Subject   Opening of Offer to Buy – Acquisition Window (Takeover) of RAYMED LABS LIMITED
Attachments   Letter of Offer RAYLA.pdf ;
Content

 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 Mr. Nishant Nathmal Bajaj ("Acquirer 1"), Mr. Prashant Nathmal Bajaj ("Acquirer 2"), Mr. Hitesh Bajoria ("Acquirer 3"), Mr. Tushar Pandit Awate ("Acquirer 4") and Mrs. Urmila Hansraj Sharma ("Acquirer 5") to the Public Shareholders of RAYMED LABS LIMITED (“Target Company ”) at a price of Rs 3.00/- (Rupees Three Only), payable in cash to Acquire up to 11,11,110 (Eleven Lakh Eleven Thousand One Hundred and Ten) fully paid-up equity shares of face value of  Rs.10.00/- each representing 26% of  Voting Equity Share Capital of the Target Company pursuant to and in compliance with the provisions of regulations 3(1) and 4 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) regulations, 2011, as Amended ,From Thursday, January 16, 2025 to Wednesday, January 29, 2025.

 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 Business Relationship

January 14, 2024