Notices
Notice No20210903-26Notice Date03 Sep 2021
CategoryTradingSegmentEquity
SubjectOpening of Offer to Buy – Acquisition Window (Takeover) of Elitecon International Limited
Content

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 Takeover, Buy Back and De-listing 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. 20190424-35 dated April 24, 2019 and 20200528-32 dated 28 May 2020,  20201102-43 dated 02 Nov 2020 and  20210825-62 dated August 25, 2021 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 an Open Offer is made by Mr. Vipin Sharma (“Acquirer 1”), M/s DUC Education Foundation  (“Acquirer 2”), M/s Amrac Real Estate Fund – I (“Acquirer 3”) (herein collectively referred as Acquirers) along with M/s Amrac Investment Trust (“PAC 1”) M/s Amrac Advisors Private Limited (“PAC 2”) (hereinafter collectively referred to as “PACs”) to the public shareholder(s) of M/s Elitecon International Limited (formerly known as Kashiram Jain and Company Limited) (“Target Company”) to  acquire upto 3,86,100 (Three Lakh Eighty Six Thousand One Hundred) fully paid up Equity Shares of Rs. 10/- (Rupees Ten Only) each ("Offer Shares"), representing 26% of the Emerging Paid Up Equity Share Capital of the Target Company at a price of Rs. 30/- (Rupees Thirty Only) (“Offer Price”) per Equity Share, payable in cash from September 07, 2021 to September 21, 2021.

 

  

Letter of Offer is herewith attached for your perusal.

 

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 20190424-35 dated April 24, 2019 along with the details of this Offer to Buy would be available on BSE Website – www.bseindia.com.

 

 

Atul Dhotre

Senior Manager

Listing Sales & Ops

September 03, 2021

 

Attachments
LOF.pdf