|Opening of Offer to Buy – Acquisition Window (Takeover) for Frontier Informatics 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 by Mr. Ramarao Atchuta Mullapudi (“Acquirer”) to acquire upto 32,90,352 (Thirty Two Lacs Ninety Thousand Three Hundred And Fifty Two Only) Equity Shares of the face value of Rs. 1 each ("Offer Shares"), representing 26% of the total Equity Share Capital of the Frontier Informatics Limited (Target Company) on a fully diluted basis, as of the tenth working day from the closure of the tendering period of the open offer (“Voting Share Capital”), from the eligible shareholders of the Target Company for cash at a price of Rs. 1/- (Rupee One only) per equity share (“Offer Price”)from February 21, 2018 to March 07, 2018.
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.
The details of this Offer to Buy would be available on BSE Website – www.bseindia.com.
Additional General Manager
Listing Ops & Sales
February 14, 2018