Notice No20220527-8Notice Date27 May 2022
SubjectOpening Of Offer To Buy – Acquisition Window (Takeover) Of Visco Trade Associates 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 Golden Goenka Credit Private Limited (“Acquirer 1”), Mr.Rajeev Goenka (“Acquirer 2”) (hereinafter collectively referred to as “Acquirers”)  to the public shareholders of Visco Trade Associates Limited (“Target Company”) to acquire up to 1790484 (Seventeen Lakhs Ninety Thousand Four Hundred Eighty-Four) fully paid-up equity shares of the Target Company of face value of Rs. 10/- each, representing 37.28% of the equity and voting share capital of the Target Company at a price of Rs. 37.50 (Rupees Thirty Seven and Fifty Paise Only) per equity share (“Offer Price”), pursuant to regulations 3(1) & 4 of the Securities and Exchange Board of India(Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto (“SEBI (SAST) Regulations”) for substantial acquisition of shares/ voting rights accompanied with change in control and management of the Target Company, from June 06, 2022 to June 17, 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 –


Atul Dhotre

Senior Manager

Listing Sales & Ops

May 27, 2022

Letter of Offer- VTAL.pdf