This is in continuation of the Exchange 20220520-48 dated 20 May 2022 regarding the Offer to Buy – Acquisition Window (Takeover) for Indergiri Finance Ltd (“Target Company”) by Roshan Shah (“Acquirer 1”), Anand Devendra Tiwari (“Acquirer 2”), Wunnava V Shanker (“Acquirer 3”) and Mohit Agarwal (“Acquirer 4”) (hereinafter collectively referred to as “Acquirers”) to the public shareholders of the Target Company to acquire up to 13,15,860 (Thirteen Lakhs Fifteen Thousand Eight Hundred and Sixty) Equity Shares of Target Company of face value Rs.10.00/-(Rupees Ten Only), representing 26.00% of the Voting Share Capital of the Target Company at an offer price of Rs.10.30/- (Rupees Ten and Thirty Paise Only), by the Acquirers in accordance with the provisions of Regulations 3 (1) and 4 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and subsequent amendments thereto.
And the Exchange notice no. 20220616-40 dated 16 June 2022 regarding the settlement of the Takeover has been kept on hold due to non-receipt of approval by the Company from Reserve Bank of India (RBI) for the change in control and management. <_o3a_p>
Trading Members, Custodians and all other market participants are requested to note that Manager to the Offer has now informed the Exchange that they have received RBI approval for change in control and management of the target company.<_o3a_p>
The intimation from Manager to the offer and RBI approval is attached herewith for information. <_o3a_p>
In accordance with the same, the revised settlement notice mentioning the fresh settlement date shall be issued shortly. <_o3a_p>
It may be noted that the interest component arising due to delay in settlement shall be settled/paid by Registrar and Transfer Agent (RTA) separately and directly with the shareholders. <_o3a_p>
For further clarifications you may mail us at listing.sales@bseindia.com.<_o3a_p>
Atul Dhotre <_o3a_p>
Senior Manager<_o3a_p>
Listing Sales & Ops<_o3a_p>
September 29, 2022
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BSE Ltd. published this content on 29 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 September 2022 11:03:04 UTC.