This is in continuation with Exchange notice nos 20221219-51 dated December 19, 2022 and 20221209-41 dated December 09, 2022 for the Delisting Offer of DFM Foods Limited (“Target Company”) made by AI Global Investments (Cyprus) PCC Limited (“Acquirer”) along with AI Darwin (Cayman) Limited (“PAC”) to the public shareholders of Target Company for which the bidding period closed on December 19, 2022.
JM Financial Limited ("Manager to the Delisting Offer") has submitted vide its letter dated December 21, 2022) along with post offer public announcement for failure of delisting offer cum public announcement of counter offer in accordance with Regulations 17(4), 22(4) and 23 read with Schedule IV of Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021, as amended (“Delisting Regulations”) for the delisting of the equity shares of DFM Foods Limited (the “Target Company”) (“Delisting Offer”).
Following table is the Schedule of Activities to be carried out
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Sr. No.
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Activity
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Dates
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1
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Commencement of the option to withdraw the Equity Shares tendered during the Reverse Book Building process
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22/12/2022
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2
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Opening of Counter offer bidding process
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30/12/2022
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3
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Closure of the option to withdraw the Equity Shares tendered during the Reverse Book Building process
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04/01/2023
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4
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Closing of Counter offer bidding process
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05/01/2023
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A copy of the above letter is attached herewith for information.
All Market Participants, Trading Members and Custodians are requested to take note of the same.
Mangesh Tayde
Assistant General Manager
Listing Sales & Ops
December 21, 2022
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