| Opening of Offer to Buy – Acquisition Window (Takeover) for LKP Finance 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 Dakshin Mercantile Private Limited (“Acquirer”) to acquire upto 32,67,842 (Thirty Two Lakhs Sixty Seven Thousand Eight Hundred And Forty Two Only) fully paid-up equity shares of face value of Rs. 10 each (Rupees Ten Only) ("Offer Shares"), representing 26.00% (twenty six percent) of the Voting Share Capital from the Eligible Public Shareholders of LKP Finance Limited (“Target Company”) at a price of Rs. 198/- (Rupees one hundred and ninety eight only) (“Offer Price”) per equity share payable in cash pursuant to Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“SEBI (SAST) Regulations”) and subsequent amendments thereto from September 19, 2018 to October 04, 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.
Amrin Memon
Deputy Manager
Listing Sales
September 11, 2018 |