BSE Ltd.

08/29/2024 | Press release | Distributed by Public on 08/29/2024 02:25

Opening of Offer to Buy – Acquisition Window (Delisting) of Binod Jute and Fibre Limited.

NOTICES
Notice No. 20240829-8 Notice Date 29 Aug 2024
Category Trading Segment Equity
Subject Opening of Offer to Buy - Acquisition Window (Delisting) of Binod Jute and Fibre Limited.
Attachments Letter of offer.pdf ;
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 and has issued Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange pursuant to Tender-Offers under Takeovers, Buy Back and Delisting.

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All Market Participants are hereby informed that an Offer for Voluntary Delisting of Equity Shares to the Public Shareholders of Binod Jute and Fibre Limited ("Target Company") is made by the Poonam Dugar ("Promoter Acquirer) , to acquire 22,400 (Twenty Two Thousand and Four Hundred Only) Equity Shares of face value of Rs.10.00/- each ('equity shares') held by the Public Shareholders at the floor price of Rs. 224.30/- (Indian Rupees Two Hundred and Twenty-Four and Thirty Paise Only) per equity share aggregating up to Rs.0.5024 Crs through the reverse book-building process ("RBBP") in respect of Delisting of Equity Shares of the Company, in accordance with the SEBI Delisting Regulations, from Friday, August 30, 2024, to Thursday, September 05, 2024.<_o3a_p>

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The Target Company is listed on Calcutta Stock Exchange (CSE).<_o3a_p>

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Letter of Offer is attached for your perusal.<_o3a_p>

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Market participants are further requested to note that the details of this Offer to Buy would be available on BSE Website - www.bseindia.com.<_o3a_p>

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Mangesh Tayde<_o3a_p>

Deputy General Manager<_o3a_p>

Listing Business Relationship<_o3a_p>

August 29, 2024<_o3a_p>