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 vide its circular no. CIR/CFD/POLICYCELL/1/2015 dated April 13, 2015. The Exchange vide its notice no. 20150930-1 dated September 30, 2015, has issued a 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 M C Data Systems Private Limited (“Acquirer 1”) and Inswell IT Applications Private Limited (“Acquirer 2”) have announced the Delisting Offer to acquire 8,344,478 Equity Shares (“Offer Shares”) representing 25.02% of the total paid up equity share capital of face value of Rs. 10 /- each of Infinite Computer Solutions (India) Limited (“the Company”) through the reverse book building process in accordance with SEBI Delisting Regulations from October 11, 2018 to October 17, 2018.
Floor Price: Rs. 258.51 (Rupees Two Hundred Fifty Eight and Paise Fifty One only) per equity share
BSE is the Designated Stock Exchange for the issue.
Market participants are further requested to note that the details of this Offer to Buy would be available on BSE Website – www.bseindia.com.
Bhushan Mokashi
Additional General Manager
Listing Sales & Ops
October 08, 2018 |