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 Faze Three Autofab Limited (“Target Company”) is made by Mr. Ajay Brijlal Anand (“Acquirer ”) along with Mrs. Rashmi Anand (“PAC 1”), Mr. Sanjay Anand (“PAC 2”), Mr. Vishnu Anand (“PAC 3”), Ms. Rohina Anand (“PAC 4”), Ajay Anand (HUF) (“PAC 5”), Instyle Investments Private Limited (“PAC 6”) and Anadry Investments Private Limited (“PAC 7”) (hereinafter will be referred as “PACs”) to acquire 26,89,006 Equity Shares of the Company representing 25.08% of the Share Capital, held by the Public Shareholders at the floor price of Rs.64.22/- (Indian Rupees Sixty Four and Twenty Two paise only) per Equity Share through the reverse book-building process in accordance with the SEBI Delisting Regulations, from August 29, 2023 to September 04, 2023.
The indicative price for the said offer is Rs.65.00/- (Rupees Sixty Five only)
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 25, 2023 |