Opening of Offer to Buy – Acquisition Window (Takeover) of RAJASTHAN GASES LIMITED.

NOTICES

Notice No.		20240416-48		Notice Date		16 Apr 2024
Category		Trading		Segment		Equity
Subject		Opening of Offer to Buy - Acquisition Window (Takeover) of RAJASTHAN GASES LIMITED.
Attachments		Compressed 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 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 hasissued Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange pursuant to Tender-Offers under Takeovers, Buy Back and Delisting.<_o3a_p>

All market participants are hereby informed that an open offer is made by Mr. Ravi Omprakash Agrawal, the Acquirer along with M/s Ravi Omprakash Agrawal HUF (PAC 1), Ms. Amita Ravi Agrawal (PAC 2), Mr. Niraj Omprakash Agrawal (PAC 3), Ms. Sanchiti Niraj Agrawal (PAC 4), Mr. Dhiraj Omprakash Agrawal (PAC 5), Ms. Rupali Dhiraj Agrawal (PAC 6), and Mr. Suraj Omprakash Agrawal (PAC 7) (Hereinafter collectively referred to as the Persons Acting in Concert with the Acquirer) to the public shareholders of Rajasthan Gases Ltd ("TARGET COMPANY") at a price of Rs.9.25/- (Nine Rupees and Twenty-Five Paise Only) per equity share ("offer price"), payable in cash, to acquire up to 2,15,47,188 (Two Crores Fifteen Lakhs Forty-Seven Thousand One Hundred Eighty-Eight) equity shares of face value of Rs. 3/- (Rupees Three Only) each, representing 26% (Twenty-Six percentage) of the voting share capitalpursuant to the provisions of Regulations 3(2) and 4 and other applicable regulations of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended. ("SEBI (SAST) Regulations"). From Friday, 19^thApril, 2024 to Friday, 3^rdMay, 2024.<_o3a_p>

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

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.<_o3a_p>

Mangesh Tayde<_o3a_p>

Deputy General Manager<_o3a_p>

Listing Business Relationship<_o3a_p>

April 16, 2024<_o3a_p>

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