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 and 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 to the Public Shareholders of Bijni Dooars Tea Co Ltd (“Target Company”) is made by Sharad Nahata (“Acquirer ”) to acquire 33,537 Equity Shares representing 5.59% of the Equity Share Capital of the Target Company, that are held by the Public Shareholders at the floor price of Rs.539/- (Rupees Five Hundred Thirty Nine Only) per Equity Share through the reverse book-building process in accordance with the SEBI Delisting Regulations, from August 21, 2023 to August 25, 2023.
The Target Company is listed on The Calcutta Stock Exchange Limited (CSE).
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.
Mangesh Tayde
Asst. General Manager
Listing Sales & Ops
August 17, 2023 |