| Opening of Offer to Buy – Acquisition Window (Takeover) for VCK Capital Market Service 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. 20190424-35 dated April 24, 2019, 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 is made by Mr. Shrey Parekh ("Acquirer 1") and Mr. Vijay Champaneri ("Acquirer 2") to acquire up to 23,53,075 (Twenty Three Lakhs Fifty Three Thousand Seventy Five Only) fully paid up Equity Shares of the face value of Rs. 10/- each (Rupees Ten Only), being constituting 26% of the Equity Share Capital of VCK Capital Market Services Limited (“VCK” / “Target Company”) at a price of Rs. 1.30/- (Rupees One and Thirty Paisa Only) per fully paid-up Equity Share (the “Offer Price”) payable in cash pursuant to the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 as amended from time to time (“SEBI (SAST) Regulations 2011”), from June 03, 2019 to June 17, 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 20190424-35 dated April 24, 2019 along with the details of this Offer to Buy would be available on BSE Website – www.bseindia.com.
Girish Joshi
Chief General Manager
Listing Business
May 29,2019
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