| Opening of Offer to Buy – Acquisition Window (Takeover) for Weizmann Forex 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 Ebixcash World Money Limited (“Acquirer”) along with the persons acting in concert Ebix Asia Holdings Inc. (“PAC 1”) and Ebix, Inc. (“PAC 2) to acquire upto 27,99,350 (Twenty Seven Lakhs Ninety Nine Thousand Three Hundred and Fifty) fully paid-up equity shares of face value of Rs. 10 (Rupees Ten each) (“Equity Shares”) representing 25.16% of the fully diluted voting equity share capital (“Voting Share Capital”) of Weizmann Forex Limited (“Target Company”) from the eligible equity Shareholders of the Target Company at a price of Rs. 528/- (Rupees Five Hundred and Twenty Eight only) (“Offer Price”) per Equity Share payable in cash pursuant to the provisions of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended from time to time (“SEBI (SAST) Regulations”), from June 06, 2019 to June 19, 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.
Girish Joshi
Chief General Manager
Listing Business
May 30,2019
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