| Offer to Buy – Acquisition Window (Takeover) for LKP Finance Limited |
This Notice is in continuation with the Exchange Notice no 20180911-30 dated Sep 11, 2018 and Notice no 20181019-4 dated Oct 19, 2018 regarding Offer by Dakshin Mercantile Private Limited (“Acquirer”) of the Company - LKP Finance Ltd.
Trading Members and Custodians are requested to note that the Manager to the Issue, ICICI Securities Ltd. has requested the Exchange to proceed with the settlement of the equity shares of the target company - LKP Finance Ltd pursuant to order dated November 02, 2018, of the Hon’ble Commercial Court (District level) at Atal Nagar, Raipur, Chattisgarh.
Further, the Manager to the issue, ICICI Securities Ltd. has informed us the Acquirer propose to pay the Eligible Public Shareholders who have validly tendered their equity shares in the offer. The Offer Price of Rs. 198/- per equity share and an interest of Rs. 1.36/- per equity share, subject to applicable tax deductions (including withholding tax payments) on November 13, 2018. The interest has been computed at the rate of 10% per annum for the period from October 19, 2018 till November 12, 2018. The interest will be paid through RTGS/NEFT/DD and will be over and above the offer price of Rs. 198/- per equity share required to be made under SEBI (SAST) Regulations.
The letter of Manger to the issue, ICICI Securities Ltd. along with order dated November 02, 2018 issued by the Hon’ble Commercial Court are attached for information.
Bhushan Mokashi
Additional General Manager
Listing Ops & Sales
November 12, 2018 |