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 Jalan Industries Private Limited (“Acquirer I”), Jalan Holdings Private Limited (“Acquirer II”), Jalans Investments Private Limited (“Acquirer III”), Narsingdass Surajmall Properties Pvt Ltd (“Acquirer IV”), Mr. Mahadev Jalan (“Acquirer V”), Mrs. Sarala Jalan (“Acquirer VI”), Ms. Kumkum Jalan (“Acquirer VII”), Mrs. Avantika Jalan (“Acquirer VIII”)and Mr Mrityunjay Jalan (“Acquirer IX”) (Hereinafter individually referred to “Acquirer” and collectively referred as “Acquirers”) make a cash offer of Rs. 90/- (Rupees Ninety Only)
per fully paid-up equity share of the face value of Rs.10/- each to acquire upto 2,50,605 (Two Lakhs Fifty Thousand Six Hundred And Five) equity shares representing 26.74% of the equity share capital under the SEBI SAST Regulations to the public shareholders of SPBP Tea (India) Limited (“Target Company”) from November 26, 2018 to December 07, 2018.
Market participants are requested to note that the Target Company is listed on The Calcutta Stock Exchange Limited.
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
November 22, 2018
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