Corporate Announcement
Security Code : 500159    Company : METROGLOBL    
 
Announcement under Regulation 30 (LODR)-AcquisitionDownload PDF Download XBRL
  Exchange Received Time  18/05/2018 12:19:45         Exchange Disseminated Time   18/05/2018 12:19:49              Time Taken   00:00:04
This Public Announcement ('PA') is being issued by METROGLOBAL LIMITED ('the Offeror'), the Promoter of Metrochem Capital Trust Limited ('MCTL') ('the Company'). MCTL was listed on the Ahmedabad Stock Exchange ('ASE'). Consequently, the Company was moved to the Dissemination Board of the National Stock Exchange of India ('NSE'/ 'Designated Stock Exchange'). The Offeror is making an offer to acquire the fully paid up 2,01,900 Equity Shares of the Company held by Public Shareholders ('Exit Offer') for cash at a price of Rs. 9.20 per Equity Share. SEBI vide its Circular No.SEBI/HO/MRD/DSA/CIR/P/2016/110 dated October 10, 2016 ('SEBI Circular'), has stipulated the procedure for exit of Exclusively Listed Companies (ELC) from the Dissemination Board. As provided, in clause (i) of Annexure A of SEBI Circular, MCTL has appointed Vivro Financial Services Private Limited, a Category I Merchant Banker as an Independent Valuer from NSE and BSE's panel of expert valuers.

 

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