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Notices
Notice No20181017-25Notice Date17 Oct 2018
CategoryTradingSegmentEquity
SubjectOpening of Offer to Buy – Acquisition Window (Takeover) Response Informatics Limited
Content

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 Subramaniyam Seetha Raman (‘Acquirer’) along with the persons acting in concert (‘PACS’) Seetharaman Subramanian Manchapara (‘PAC1’) and Bhuvaneswari Seetharaman (‘PAC 2’) and Suresh Bhumkar (‘PAC 3’) and Sarita Bhumkar (‘PAC 4’) to acquire up to 15,53,900 (Fifteen Lakhs Fifty Three Thousand and Nine Hundred Only) fully paid up Equity Shares, having face value of Rs.10/- (Indian Rupees Ten Only) each (‘Equity Shares’), representing 26% of the voting share capital from the eligible public shareholders of Response Informatics Limited (‘Target Company’) at a price of Rs.7.15/- (Indian Rupees Seven and Fifteen Paise Only) per Equity Share (‘Offer Price’), payable in cash, pursuant to the provisions of Securities and Exchange Board Of India (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011, as amended from time to time (‘SEBI (SAST) Regulations, 2011’) from October 22, 2018 to November 2, 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.

 

 

 

Bhushan Mokashi

Additional General Manager

Listing Sales & Ops

October 17, 2018