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 by Redkite Capital Private Limited (“Acquirer”) along with the persons acting in concert (“PACs”) India Opportunities III Pte. Limited (“PAC 1”) and Mr. Koppara Sajeeve Thomas (“PAC 2”) make a cash offer of Rs. 157.20/- (Rupees One Hundred Fifty Seven And Twenty Paise Only) plus interest @ 10% per annum per equity share for delay in payment beyond the scheduled payment date per fully paid up equity share of the face value of Rs. 10/- (Rupees Ten Only) each of Tourism Finance Corporation Of India Limited (hereinafter referred to as the “Target Company”), to acquire up to 20,986,355 (Two Crore Nine Lakh Eighty Six Thousand Three Hundred And Fifty Five Only) equity shares representing 26.00% (Twenty Six Per Cent) of the equity share capital, under The SEBI (SAST) Regulations to the public shareholders of the 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 February 05, 2019 to February 18, 2019.
‘Interest Payment Amount’ shall be paid separately by Acquirer and PACs through Registrar to the Open Offer to the Public Shareholders whose Equity Shares are validly tendered and accepted in the Open Offer.
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.
Additional General Manager
Listing Sales & Ops
January 31, 2019