Opening of Offer to Buy – Acquisition Window (Delisting) for Integrated Financial Services Limited

• Notice No: 20210512-27
• Notice Date: 12 May 2021
• Category: Trading
• Segment: Equity

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 and 20201102-43 dated 02 Nov 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 Voluntary Delisting of Equity Shares is made by Mr. Subhash Chander Khaneja (the “Acquirer”)  to the Public Shareholders of Integrated Financial Services Limited (the “Company”) to acquire 15,25,808 equity shares of face value Rs. 10 each representing 25.43% of the total paid up equity share capital of the Company held by the Public Shareholders at the floor price of  Rs. 32.54 (Rupees Thirty Two and Fifty Four Paise only) per Equity Share through the reverse book-building process in accordance with the SEBI Delisting Regulations from May 19, 2021 to May 25, 2021,

Letter of Offer is attached for your perusal.

Market participants are further requested to note that the details of this Offer to Buy would be available on BSE Website – www.bseindia.com.

Atul Dhotre

Senior Manager

Listing Sales & Ops

May 12, 2021