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. 20170210-16 dated Feb 10, 2017,20190424-35 dated April 24, 2019 and 20200528-32 dated 28 May 2020has 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 MINEBEA MITSUMI INC. (hereinafter referred to as “Acquirer”) along with U-SHIN LTD. (hereinafter referred to as “PAC”) has made a cash offer to acquire up to 10,04,770 (Ten Lakh Four Thousand Seven Hundred And Seventy Only) fully paid up equity shares of Rs. 10 (Indian Rupees Ten Only) each (“Equity Shares”), representing 26.00% of the fully diluted voting share capital of the Jay Ushin Limited (“Target Company”), at a price of Rs. 589.94 (Indian Rupees Five Hundred And Eighty Nine And Ninety Four Paise Only) per equity share, from the public shareholders of Target Company , in accordance with the Securities And Exchange Board Of India (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011, as amended (“SEBI (SAST) REGULATIONS”), from July 31, 2020 to August 13, 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
July 29, 2020
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