Notice No20210318-13Notice Date18 Mar 2021
CategoryTradingSegmentEquity
SubjectOpening of Offer to Buy – Acquisition Window (Delisting) for Remi Sales And Engineering Limited
Content

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 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 the Remi Securities Limited (“Promoter Acquirer 1”), K K Fincorp Limited ("Promoter Acquirer 2"), and Bajrang Finance Limited ("Promoter Acquirer 3"), jointly referred to as the “Promoter Acquirers” are making voluntary delisting offer to the Public Shareholders of Remi Sales And Engineering Limited (“Company”) pursuant to Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009 (the “Delisting Regulations”) and are inviting public shareholders to tender   fully paid-up equity shares of face value of Rs. 10/- each of the Company (“Equity Shares”), through the reverse book-building process (“RBBP”) in accordance with the Delisting Regulations. The Promoter Acquirer is seeking to acquire 2,88,400 Equity Shares (“Offer Shares”) at the floor price of Rs. 15.50 per Equity Share representing the balance 50.58% of the paid-up equity share capital from the public shareholders of the Company (“Public Shareholders”) being all the shareholders of the Company other than the Promoter Group pursuant to Regulation 5 & 6(b) read with Chapter IV of the Delisting Regulations, from March 22, 2021 to March 26, 2021.


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.

 

Atul Dhotre

Senior Manager

Listing Sales & Ops

March 18, 2021

 

Attachments
Letter of Offer.pdf