| Opening of Offer to Buy – Acquisition Window (Takeover) for Fortis Healthcare 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 Takeovers, Buy Back and 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, 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 Open Offer (“Offer”) by Northern TK Venture Pte. Ltd. (hereinafter referred to as “Acquirer”) along with IHH Healthcare Berhad (hereinafter referred to as “PAC 1”) and Parkway Pantai Limited (hereinafter referred to as “PAC 2”) (PAC 1 and PAC 2 being collectively referred to as the “PACs”) make a cash offer of RS. 170/- (Rupees One Hundred and Seventy Only) per fully paid up equity share of face value of Rs. 10/- (Rupees Ten Only) each, to acquire up to 197,025,660 (One Hundred and Ninety Seven Million, Twenty Five Thousand, Six Hundred and Sixty Only) fully paid up equity shares of Rs. 10/- (Rupees Ten Only) each representing 26.0% of the expanded voting share capital, in accordance with the Securities and Exchange Board Of India (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011, as amended (“SEBI (SAST) Regulations”) from the equity shareholders of Fortis Healthcare Limited (“Target Company”) pursuant to regulations 3(1) & 4 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“SEBI (SAST) Regulations”) from December 18, 2018 to January 01, 2019.
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 the details of this Offer to Buy would be available on BSE Website – www.bseindia.com.
Bhushan Mokashi
Additional General Manager
Listing Sales & Ops
December 13, 2018 |