This is in continuation with Exchange notice nos. 20230928-48 and 20230928-43 dated September 28, 2023, 20230926-54 dated September 26, 2023 and 20230915-48 dated September 15, 2023 for the Delisting Offer of Shreyas Shipping and Logistics Limited (“Target Company”) made by Transworld Holdings Limited (“Acquirer”) to the public shareholders of Target Company for which the bidding period closed on September 26, 2023.
All Market Participants are hereby informed that Counter Offer for Voluntary Delisting of Equity Shares to the Public Shareholders of Shreyas Shipping and Logistics Limited (“Target Company”) made by Transworld Holdings Limited (“Acquirer”) to acquire up to 64,90,883 Equity Shares representing 29.56% of the paid-up equity share capital of the Company at a fixed price of INR 400 per Equity Share (“Counter Offer Price”) of the Company in accordance with the SEBI Delisting Regulations, from Wednesday, October 11, 2023 to Tuesday, October 17, 2023.
BSE has been appointed as the designated stock exchange (“DSE”) for the purpose of the Delisting Offer and the Counter Offer.
All the Public Shareholders holding Equity Shares either in physical and / or in demat form are eligible to participate in the Counter Offer by tendering whole or part of the Equity Shares held by them during the Counter Offer Bid Period. The Public Shareholders should submit their Bids through their respective Seller Members using the Acquisition Window Facility or OTB during the Counter Offer Bid Period for being eligible for participation in the Counter Offer.
Public Shareholders who have previously tendered their Equity Shares during the Reverse Book Building Process, which commenced on Wednesday, September 20, 2023, and concluded on Tuesday, September 26, 2023 and who are desirous of withdrawing their Bids, may do so on or before Monday, October 16, 2023. Such Public Shareholders can re-tender their Equity Shares on or prior to the Counter Offer Bid Closing Date. The shareholders who have withdrawn the shares through Withdrawal Window and desire to place bid for Counter Offer will not be required to do the early pay-in again for Counter Offer. For re-tendering the Equity Shares, the shareholders must use the same settlement number.
The Public Shareholders, who have tendered their Equity Shares by submitting the Bids in Counter Offer may withdraw or revise their Bids upwards not later than one working day before the Counter Offer Bid Closing Date. Downward revision of the Bids shall not be permitted.
All Offer Shares tendered by Public Shareholders during the Reverse Book Building Process (i.e. September 20, 2023 to September 26, 2023) and not withdrawn, along with Offer Shares which are additionally tendered by them during the Counter Offer, will be considered as deemed to have been tendered in the Counter Offer at the Counter Offer Price irrespective of the price at which such Equity Shares were tendered.
A copy of Counter Offer 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 Sandeep Pujari
Asst. General Manager Deputy General Manager
Listing Sales & Ops Trading Operations
October 04, 2023 |