|Offer to Buy – Acquisition Window (Delisting) for Riddhi Siddhi Gluco Biols Limited
This is in continuation with the Exchange Notice no. 20180228-9 dated February 28, 2018, 20180305-3 dated March 5, 2018, 20180321-36 dated March 21, 2018, 20181226-29 dated December 26, 2018 and 20190104-19 dated January 4, 2019 regarding Delisting Offer by Mr. Ganpatraj L. Chowdhary, Acquirer/Promoter of the Company - Riddhi Siddhi Gluco Biols Limited.
Exchange in its notice 20190104-19 dated January 4, 2019 had inter-alia informed that pursuant to interim Order dated January 04, 2019 passed by Hon’ble Securities Appellate Tribunal (SAT) in the appeal filed by Shobhendra Mansukhlal Daruwala (Appellant) versus Securities and Exchange Board of India (SEBI) & Others (Respondents), the funds deposited in the Escrow Account by the Acquirer/Promoter of the Company shall not be returned to the Acquirer/Promoter.
In this regard, Trading Members/ market participants are requested to note that pursuant to Hon’ble SAT’s Order dated February 21, 2019 in the aforesaid matter, the interim order dated January 04, 2019 stands vacated and accordingly the funds/amount deposited in the Escrow Account by the Acquirer/Promoter of the Company shall be returned to the Acquirer/Promoter.
For and on behalf of the Exchange
Additional General Manager
Listing Ops & Sales
February 25, 2019