|Opening of Offer to Buy – Acquisition Window (Takeover) for Hathway Cable 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 46,02,27,170 fully paid up equity shares of Rs. 2 (Rupees Two Only) each (“Equity Shares”) at a price of Rs. 32.35/- (Rupees Thity Two and Thirty Five Paise Only) per equity share, representing 26.00% of the expanded voting share capital of the Hathway Cable 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 Target Company from January 31, 2019 to February 13, 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
January 29, 2019