|Opening of Offer to Buy – Acquisition Window (Takeover) for Hathway Bhawani Cabletel and Datacom 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 Jio Content Distribution Holdings Private Limited (“Acquirer 1” or “JCDHPL”), Jio Internet Distribution Holdings Private Limited (“Acquirer 2” or “JIDHPL”) and Jio Cable And Broadband Holdings Private Limited (“Acquirer 3” or “JCBHPL”) along with Reliance Industries Limited (“PAC 1” or “RIL”) Digital Media Distribution Trust (“PAC 2” or “Trust”) Reliance Content Distribution Limited (“PAC 3” or “RCDL”) and Reliance Industrial Investments And Holdings Limited (“PAC 4” or “RIIHL”) make a cash offer to acquire up to 21,06,000 fully paid up equity shares of Rs. 10/- (Rupees Ten Only) each (“Equity Shares”) at a price of Rs. 2.46/- per equity share, representing 26.00% of the voting share capital of Hathway Bhawani Cabletel and Datacom Limited (hereinafter referred to as the “Target Company”), in accordance with the SEBI (SAST) Regulations, 2011, as amended from the public shareholders of the Target Company from March 22, 2019 to April 04, 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.
Additional General Manager
Listing Sales & Ops
March 19, 2019