This is in continuation with Exchange notice no 20240529-47 dated May 29, 2024 for the Delisting Offer of Shardul Securities Limited (“Target Company”) made by the A To Z Broking Services LLP (“Promoter Acquirer 1”), Rajesh Dinanath Chaturvedi (“Promoter Acquirer 2”), Gagan Dinanath Chaturvedi (“Promoter Acquirer 3”), Brijesh Devesh Chaturvedi (“Promoter Acquirer 4”) (hereinafter referred to as the “Promoter Acquirers”) to acquire 44,02,626 Equity Shares of face value of Rs.10.00/- each (‘equity shares’) held by the Public Shareholders at the floor price of Rs.150.15/- per equity share through the reverse book-building process (“RBBP”) and indicative price of Rs.155.00/- in respect of Delisting of Equity Shares of the Company, in accordance with the SEBI Delisting Regulations from May 31, 2024 to June 06, 2024.
Link Intime India Private Limited (“Registrar to Issue”) and Saffron Capital Advisors Private Limited (“Manager to the Delisting Offer”) have analysed the bid data and in consultation with the Acquirer, the outcome of the Reverse Book Building Process is disclosed, which is hereby announced in terms of Regulation 17(3) of the SEBI Delisting Regulations.
Lien marked on shares tendered/offered will be released on best effort basis in their respective demat accounts of the Public Shareholders in accordance with Regulation 23 of the SEBI Delisting Regulations.
The outcome dated 06th June 2024 is attached herewith for your reference.
Mangesh Tayde
Deputy General Manager
Listing Business Relationship
June 06, 2024 |