| Opening of Offer to Buy – Acquisition Window (Takeover) for Virgo Global 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 of Virgo Global Limited (Hereinafter referred as “VGL” or “the Target Company” or “TC” or “the Company”) by Shri Nakoda Logistics Private Limited (hereinafter collectively referred to as “the Acquirer / Nakoda”) to acquire up to 27,31,118 equity shares of Rs. 4/- each representing 26% of the Fully paid up equity and voting share capital of the target Company at a price of Rs. 0.20/- per share (“Offer Price”) 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 January 09, 2019 to January 22, 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
January 07, 2019 |