|Opening of Offer to Buy – Acquisition Window (Takeover) for Swagruha Infrastructure 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, Buyback, Delisting 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. Hemant Bahri (“Acquirer 1”) and Mrs. Sangeeta Bahri (“Acquirer 2”) and Bahri Estates Private Limited (“BEPL”/“Acquirer 3”) and Mr. Sravan Veledandi Prabhakar (“Acquirer 4”) and Mrs. Reshma Narain (“Acquirer 5”) (collectively called “Acquirers”) to the existing shareholders of Swagruha Infrastructure Limited (“Target Company”) to acquire 1,78,22,500 Equity Shares of face value of ?1.00 each representing 26.00% of Equity Share Capital/Voting Capital of the Target Company at a price of ?1.45 (Rupee One and Paise Forty Five only) per Equity Share (“Offer Price”), payable in cash. This Offer is being made by the Acquirers 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”) and subsequent amendments thereto from August 29, 2018 to September 11, 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.
Additional General Manager
Listing Sales & Ops
August 27, 2018