|Opening of Offer to Buy – Acquisition Window (Takeover) of Diggi Multitrade 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 Takeover, Buy Back and De-listing 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, 2017,20190424-35 dated April 24, 2019 and 20200528-32 dated 28 May 2020 and 20201102-43 dated 02 Nov 2020 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 an Open Offer is made by Mr. Pradeepkumartana Naidu (“Acquirer No. 1”) And Mrs. Sangeeta Naidu (“Acquirer No. 2”) to the Shareholders of Diggi Multitrade Limited (“Target Company”) to acquire upto 25,20,000 (Twenty Five Lakhs Twenty Thousands) Fully Paid Up Equity Shares of the face value of Rs. 10/- each, representing 26.04% of the total Equity and voting Share Capital of the Target Company, at a price of Rs. 10.10/- (Rupees Ten and Ten Paisa Only) per fully paid-up Equity Share (the “Offer Price”) payable in Cash pursuant to the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 as amended from time to time (“SEBI (SAST) Regulations”), from July 28, 2021 to August 10, 2021.
Letter of Offer is herewith attached for your perusal.
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.
Listing Sales & Ops
July 22, 2021