Opening of Offer to Buy – Acquisition Window (Takeover) for Olectra Greentech 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 MEIL Holdings Limited (“MEIL” or “Acquirer”) and Megha Engineering & Infrastructures Limited (“Megha” or “PAC”) make a cash offer of Rs. 175.30/- (Rupees One Hundred Seventy Five and Thirty Paise Only) per equity share of face value of Rs. 4/- (Rupees Four Only) each, to acquire upto 2,37,06,992 (Two Crores Thirty Seven Lacs Six Thousand Nine Hundred And Ninety Two Only) equity shares representing 26.00% of the emerging share capital, under the SEBI (SAST) Regulations, 2011 to the public shareholders of Olectra Greentech Limited (Formerly known as Goldstone Infratech Limited) (hereinafter referred to as “OGL” or “Target Company”) from December 26, 2018 to January 08, 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 the details of this Offer to Buy would be available on BSE Website – www.bseindia.com.
Bhushan Mokashi
Additional General Manager
Listing Sales & Ops
December 20, 2018 |