| Opening of Offer to Buy – Acquisition Window (Takeover) of HCKK Ventures Limited |
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 Mr. Amit Maheshwari ("Acquirer") along with Mr. Kunal Maheshwari (“PAC”) to the existing public shareholders of HCKK Ventures Limited (“Target Company”) to acquire up to 9,64,600 (Nine Lakh Sixty-Four Thousand Six Hundred) Equity Shares of face value of Rs. 10/- (Rupees Ten) each (‘Offer Shares’) representing 26.00% of the Paid-up Equity Share Capital and Voting Capital of Target company at a price of Rs. 16.08/- (Sixteen Rupees and Eight Paisa) per fully paid-up Equity Share payable in cash, pursuant to Regulations 3(1) & 4 of SEBI (SAST) Regulations, 2011 and subsequent amendments thereto for substantial acquisition of shares and control over the Target Company, from December 02, 2022 to December 15, 2022.
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.
Atul Dhotre
Senior Manager
Listing Sales & Ops
November 24, 2022 |