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. 20190424-35 dated April 24, 2019, 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 Kashipur Holdings Limited (“Acquirer”) have announced the proposed acquisition of 24,88,070 equity shares of face value of Rs. 10/- each ("Equity Shares") representing 25.34% of the total paid up equity share capital of Hindustan Wires Limited (“the Company”)at a Floor Price of Rs 42/- (Rupees Forty Two Only) , and consequently to voluntary delist the company from all stock exchanges and to initiate the process pursuant to Regulation 10 of the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009 (hereinafter referred to as the "SEBI Delisting Regulations"). The bids for which will open on May 30, 2019 and close on June 06, 2019.
Market participants are further requested to note that the details of this Offer to Buy would be available on BSE Website – www.bseindia.com.
The Letter of Offer is being attached with this notice.
Bhushan Mokashi
Additional General Manager
Listing Sales & Ops
May 24, 2019 |