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 a cash offer is made by Vishvapradhan Commercial Private Limited (“Acquirer”) along with AMG Media Networks Limited (“PAC 1”) And Adani Enterprises Limited (“PAC 2”) to acquire up to 16,762,530 (One Crore Sixty Seven Lakhs Sixty Two thousand Five hundred and Thirty) Equity Shares of face value of Rs. 4/- (Rupees Four Only), representing 26.00% of the Total Equity and Voting Share Capital of the Target Company, at a price of Rs. 294/- (Rupees Two Hundred and Ninety Four Only) Per Offer Share, in accordance with the Securities And Exchange Board of India (Substantial Acquisition of Shares And Takeovers) Regulations, 2011 And Subsequent Amendments there to (“SEBI (SAST) Regulations”) from the Public Shareholders (“Open Offer” Or “Offer”) of New Delhi Television Limited (“Target Company”), from November 22, 2022 to December 05, 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
November 15, 2022 |