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. 20150930-1 dated September 30, 2015 and notice no. 20170210-16 dated Feb 10, 2017, has issued a 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 Kamal Nayan Saraogi (“Acquirer 1”), Stuti Dhanuka (“Acquirer 2”) and Kamal Nayan Saraogi (HUF) (“Acquirer 3”) (collectively referred to as “Acquirers”) have announced the Delisting Offer to acquire 7,40,471 Equity Shares (“Offer Shares”) representing 25.28% of the total paid up equity share capital of Udaipur Cotton Mills Company Limited (“the Company”) of face value of Rs. 10/- (Rupees Ten Only) each of the Company pursuant to reverse book building process in accordance with SEBI Delisting Regulations from February 26, 2019 to March 05, 2019.
Floor Price: Rs. 84/- (Rupees Eighty Four Only) per Equity Share.
Market participants are requested to note that the company is listed on Calcutta Stock Exchange Limited and Metropolitan Stock Exchange of India Limited, the Delisting Offer shall be conducted only on BSE platform (OTB).
Market participants are further requested to note that the details of this Offer to Buy would be available on BSE Website – www.bseindia.com.
Bhushan Mokashi
Additional General Manager
Listing Sales & Ops
February 22, 2019
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