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 2020, 20201102-43 dated 02 Nov 2020, 20210825-62 dated Aug 25,2021 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 Mr. Sadhu Ram Aggarwal (“Acquirer 1”), Mr. Udit Aggarwal (“Acquirer 2”), Ms. Divya Aggarwal (“Acquirer 3”), Ms. Ridhima Aggarwal (“Acquirer 4”), Mr. Rahul Aggarwal (“Acquirer 5”), Ms. Manjula Aggarwal (“Acquirer 6”) and CMV Informatics Private Limited (“Acquirer 7”) (hereinafter together will be referred as “Acquirers”) have made a cash offer of Rs. 9.72 (Rupees Nine and paise seventy-two paise only, this price includes interest of inr 0.72) per fully paid up equity share of the face value of INR 10/- (Rupees Ten only) each, to acquire up to 18,74,106 (Eighteen Lakhs Seventy-Four Thousand One Hundred and Six) fully paid up equity shares representing 26.00% (Twenty Six per cent) of the total voting share capital, to the public shareholders of Jindal Capital Limited (Target Company) under the SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011n and pursuant to Regulations 3(1) and 4 and other applicable provisions of the Takeover Regulations, from February 15, 2022 to February 28, 2022.
Letter of Offer is herewith attached for your perusal.
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.
Atul Dhotre
Senior Manager
Listing Sales & Ops
February 11, 2022 |