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 Takeover, 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, 2017,20190424-35 dated April 24, 2019, and 20200528-32 dated 28 May 2020, 20201102-43 dated 02 Nov 2020, 20210825-62 dated Aug 25,2021 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 open offer is made by MRS. ASHA RANI KAJARIA (“ACQUIRER 1”), MRS. KAVITA KAJARIA (“ACQUIRER 2”), MR. SHEO KUMAR KAJARIA (“PAC 1”), MR. VIVEK KUMAR KAJARIA (“PAC 2”) and MR. SHREYANS KAJARIA (“PAC 3”) Acquirer 1 and Acquirer 2 hereinafter together referred to as the “Acquirers” and PAC 1, PAC 2 and PAC 3 hereinafter together collectively referred to as the “PACs”.to the Public Shareholders of ALPINE COMMERCIAL COMPANY LIMITED (“Target Company ”) at a price of Rs 30.40/- (Rupees Thirty and Forty Paise Only) including an interest of Rs. 1.11 (Rupee One and Eleven Paise only) (“Offer Price”) payable in cash, to acquire up to 13,10,400 (Thirteen Lakhs Ten Thousand Four Hundred) fully paid-up equity shares of face value of Rs.10.00/- each representing 26% of Expanding Voting Equity Share Capital of the Target Company pursuant to the provisions of Regulations 3 (1) and 4 of the SEBI (SAST) Regulations, for substantial acquisition of Equity Shares and Voting Share Capital, From Thursday, 02nd January, 2025 To Wednesday, 15th January, 2025.
Letter of Offer is herewith attached for your perusal.
The Target Company is listed on Calcutta Stock Exchange (CSE).
Market participants are further requested to note that this offer will be as per the Revised Guidelines of SEBI circular no. CFD/DCR2/CIR/P/2016/131 dated Dec 09, 2016 and Exchange notice no. 20170210-16 dated Feb 10, 2017 and 20190424-35 dated April 24, 2019 along with the details of this Offer to Buy would be available on BSE Website – www.bseindia.com.
Mangesh Tayde
Deputy General Manager
Listing Business Relationship
December 31, 2024
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