BSE Ltd.

04/10/2024 | Press release | Distributed by Public on 04/10/2024 04:21

Opening of Offer to Buy – Acquisition Window (Delisting) for INSPIRISYS SOLUTIONS LIMITED

NOTICES
Notice No. 20240410-11 Notice Date 10 Apr 2024
Category Trading Segment Equity
Subject Opening of Offer to Buy - Acquisition Window (Delisting) for INSPIRISYS SOLUTIONS 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 INSPIRISYS SOLUTIONS LIMITED ("Target Company") is made by the CAC Holdings Corporation ("Promoter Acquirer") to acquire 1,19,04,748 Equity Shares of face value of Rs.10.00/- each ('equity shares') held by the Public Shareholders at the floor price of Rs.71.15/- per equity share 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 April 12, 2022 to April 19, 2022.<_o3a_p>


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

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>

April 10, 2024<_o3a_p>

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