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. 20190424-35 dated April 24, 2019, 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 ("Offer") has been made to the shareholders of Alan Scott Industries Limited (hereinafter referred as “ASIL” or “the Target Company” or “TC” or “the Company”) is being made by Mr. Sureshkumar Pukhraj Jain (hereinafter referred to as “the Acquirer”) alongwith Mr. Pranav Dangi (hereinafter referred to as “PAC”) to acquire up to 1,78,199 (One Lac Seventy Eight Thousand One Hundred Ninety Nine Only) Equity shares of Rs. 10/- each representing 26% of the total Issued, subscribed, paid up capital and Voting Equity Share Capital of the Target Company at a price of Rs. 25.00/- (Twenty Five Only) per share (“Offer Price”) pursuant to Regulations 3 (1) and 4 and applicable provisions of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and amendments thereto from March 5, 2020 to March 19, 2020.
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.
Bhushan Mokashi
Additional General Manager
Listing Sales & Ops
March 3, 2020
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