- On February 9, 2018,3:58 am
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 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, 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 Athanas Enterprise Private Limited (“AEPL” or the “Promoter”) and Claris Holdings Private Limited (“CHPL”) collectively referred to as “Acquirers” along with the Person Acting in Concert (“PAC”) Abellon Energy Limited have announced the Delisting Offer to acquire 2,72,11,801 (Two Crores Seventy Two Lakh Eleven Thousand Eight Hundred and One) Equity Shares (“Offer Shares”) of face value of Rs 10 each representing 49.87% of the Share Capital held by the Public Shareholders of the Company being all the shareholders of the Company other than the Promoter and the promoter group pursuant to Regulations 5 & 6(b) read with Chapter IV of the Delisting Regulations from February 12, 2018 to February 20, 2018.
Floor Price: Rs. 351.60 (Rupees Three Hundred and Fifty One and Sixty Paise only)
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 the details of this Offer to Buy would be available on BSE Website – Read More