| Opening of Offer to Buy – Acquisition Window (Takeover) for Mindtree 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 Larsen & Toubro Limited (“Acquirer”) has made a cash offer of Rs. 980 (Rupees Nine Hundred And Eighty Only) per fully paid up equity share of the face of Rs. 10 (Rupees Ten only) each to acquire up to 5,13,25,371 (Five Crore Thirteen Lakh Twenty-Five Thousand Three Hundred And Seventy One) Equity Shares representing 31.00% (Thirty One percent) of the Voting Share capital, under the SEBI SAST Regulations to the shareholders of Mindtree Limited (‘’Target Company’’) from June 17, 2019 to June 28, 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.
Bhushan Mokashi
Additional General Manager
Listing Sales & Ops
June 11,2019
|