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 is being made by Mr. Jose Charles Martin (“Acquirer”) to acquire up to 16,90,000 (Sixteen Lacs Ninety Thousand Only) ("Offer Shares") fully paid up Equity Shares of face value of Rs. 10/- each, representing 26.03% of the total Voting Share Capital of the SDC Techmedia Limited [Formerly known as Onesource Techmedia Limited ("Target Company") on a fully diluted basis, as of the tenth working day from the closure of the tendering period (as defined herein below) of the open offer from the Public Shareholders of the Target Company for cash at an Offer Price of Rs. 14/- per Equity Share (“Offer Price”), pursuant to regulation 3(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto (“Takeover Regulations”), from March 31, 2020 to April 17, 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 23, 2020
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