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 Takeovers, 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, 20190207-23 dated 07 Feb 2019 and 20200528-32 dated 28 May 2020 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 offer for delisting of equity shares of INEOS STYROLUTION INDIA LIMITED (the “Company”) is made by INEOS Styrolution APAC Pte. Ltd (“Promoter”) to acquire 43,96,407 (Forty Three Lakh Ninety Six Thousand Four Hundred And Seven) Equity Shares representing 25.00% (Twenty Five Percent) of the paid-up equity share capital of the Company from the Public Shareholders of face value of Rs 10/- each of the Company (“Equity Shares”) at floor price of Rs. 419/- (Indian Rupees four hundred and nineteen only) per Equity Share, pursuant to Reverse Booking Building process in accordance with the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009 as amended (the “Delisting Regulations”), from July 16, 2020 to July 22, 2020.
Market participants are further requested to note that the details of this Offer to Buy would be available on BSE Website – www.bseindia.com.
Bhushan Mokashi
Additional General Manager
Listing Sales & Ops
July 15, 2020
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