|Opening of Offer to Buy – Acquisition Window (Takeover) For Integra Telecommunication & Software 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 Micro Logistics (India) Private Limited ("Acquirer") to the Shareholder(s) of Integra Telecommunication & Software Limited (“Target Company’’) to acquire up to 2,745,600 (Twenty-Seven Lacs Forty-Five Thousand and Six Hundred) equity shares of face value of Rs. 10/- (Indian Rupees Ten Only) each representing 26% (Twenty-Six per cent) of the Issued, Subscribed and Paid-up Share Capital of Integra Telecommunication & Software Limited (‘Target Company’) at a price of Rs. 10.00/- (Indian Rupees Ten Only) per fully paid up equity share payable in cash pursuant to Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“SEBI (SAST) Regulations”), from May 15, 2019 to May 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.
Additional General Manager
Listing Sales & Ops