| Opening of Offer to Buy – Acquisition Window (Takeover) of PRATAAP SNACKS 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, 20201102-43 dated 02 Nov 2020, 20210825-62 dated Aug 25,2021 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 AUTHUM INVESTMENT & INFRASTRUCTURE LIMITED (hereinafter referred to as “Acquirer”) along with MS. MAHI MADHUSUDAN KELA (hereinafter referred to as “PAC”) to the Public Shareholders of PRATAAP SNACKS LIMITED (“Target Company”) at a price of Rs. 864 per equity share (“Offer Price”) along with applicable interest (as defined below) of Rs.1.66 (Rupees One and Sixty Six) per equity share, thereby aggregating to Rs. 865.66/- (Rupees Eight Hundred Sixty Five and Sixty Six Paise Only) and per equity share, payable in cash, in accordance with the provisions of regulation 18(11) and 18(11a) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) regulations, 2011, as amended from time to time (“SEBI (SAST) regulations”) to Acquire up to 62,98,351 (Six Lakhs Ninity Eight Thousand Three Hundred and Fifty One) fully paid-up equity shares of face value of Rs.5 each(Rupees Five Only) (“offer shares”), representing 26.01% of the voting share capital (as defined below), pursuant to and in accordance with the SEBI(SAST) regulations from the public shareholders (as defined below) From Thursday, 16th January, 2025 To Wednesday, 29th January, 2025.
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.
Mangesh Tayde
Deputy General Manager
Listing Business Relationship
10th January 2025
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