| Opening of Offer to Buy – Acquisition Window (Takeover) for Dalal Street Investments 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 Mr. Murzash Sohrab Manekshana ("Acquirer") to acquire up to 81,920 fully paid up Equity Shares of Rs. 10/- (Rupees Ten Only) each representing 26.00 % of the Paid Up Equity Share Capital of Target Company at a price of Rs. 165.76 (Rupees one hundred and sixty-five and Paise seventy-six Only) per Equity Share (the "Offer Price") payable in cash from the public shareholders of Dalal Street Investments 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 04, 2018 to December 17, 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.
Bhushan Mokashi
Additional General Manager
Listing Sales & Ops
November 30, 2018 |