| Opening of Offer to Buy – Acquisition Window (Takeover) for Trans Financial Resources 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. Rishi H. Parikh and Mr. Siddharth Hans (hereinafter referred to as “Acquirers”) to acquire up to 30,38,300 equity shares of Rs. 10 each at an Offer Price of Rs. 15 per equity share of Rs 10 each payable in cash, representing 26% of the total expended equity share capital / voting capital pursuant to Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereof of Trans Financial Resources Limited (hereinafter referred to as “Target Company”) from December 31, 2018 to January 11, 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.
Amrin Memon
Deputy Manager
Listing Sales
December 27, 2018 |