| Opening of Offer to Buy – Acquisition Window (Takeover) for Shalimar Agencies 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. 20170210-16 dated Feb 10, 2017, 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 (“Offer”) by Quebec Tech Solutions Private Limited (“Acquirer”) along with Person Acting In Concerts (PAC) Mr. Aditya Sreeramji Magapu and Mr. Tapan Nityanandbhai Pandya to acquire up to 7,80,260 equity shares representing 26% of the total Equity Share Capital of Rs. 10/- each at the offer price of Rs.12/- (“Offer Price”) per fully paid-up equity share / voting rights (price determined in terms of Regulation 8(2)) assuming payment of total consideration by November 19, 2018, Monday, payable in cash of Shalimar Agencies Limited (“Target Company”) pursuant to regulations 3(1) & 4 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“SEBI (SAST) Regulations”) from December 07, 2018 to December 20, 2018.
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 the details of this Offer to Buy would be available on BSE Website – www.bseindia.com.
Girish Joshi
Chief General Manager
Listing Business
December 05, 2018 |