Essay About Letter Of Offer And Statutory Approvals

Bliss Chemicals and Pharmaceuticals India Limited
Essay Preview: Bliss Chemicals and Pharmaceuticals India Limited
Report this essay
This Document is important and requires your immediate attention.
This Letter of Offer is sent to you as a Shareholder(s) of
BLISS CHEMICALS AND PHARMACEUTICALS INDIA LIMITED
If you require any clarifications about the action to be taken, you may consult your stock broker or investment consultant or Merchant
Banker to the Offer (Manager to the Offer)/ Registrar to the Offer. In case you have sold your Shares in the Company, please hand over this
Letter of Offer and the accompanying Form of Acceptance cum acknowledgement, Form of Withdrawal and Transfer Deed to the Member
of Stock Exchange through whom the said sale was effected.
1.a Name ,Address ,
Telephone Numbers and
Fax Numbers(if available)
Of the Acquirers
Shri. M G Wagle
Durgesh, 1st Floor , Saraswati Baug, Jogeswari (East),Mumbai 400 060
Tel No. (022) 28353204 Fax No.(022) 28563930
Shri. Gautam R Ashra
1/4, Breach Candy Apartments, B D Road, Mumbai 400 026
Tel No. (022)22043564 Fax No.(022)22044611
Shri. Shibroor N Kamath
202, Jai Akshay Sagar Coop Hsg. Sty Ltd., Namdeo Path , Dombivli (E) 421 201
Tel No. (0251)2860040 Fax No.(0251)2860438
1.b Details of the Persons Acting in Concert
(PACs), if any
There are no persons acting in concert with the Acquirers
2. Name ,Address,
Telephone Number,
Fax Number and
E Mail ID of the
Target Company
Bliss Chemicals and Pharmaceuticals India Ltd.
Corporate Office, Skypak House Annexe, Off. M Vasanji Road, Marol,
Andheri (East), Mumbai 400 059
Ph. Nos. (022) 2850 5387, 2850 3870 Fax No. (022) 28563930
E-mail: [email protected]
3 (a) Number of Shares proposed to be acquired
through this Offer
5, 20,000 Equity Shares
3.(b) % to Voting Capital
% to Subscribed Capital
% to Paid Up Capital
20.19 %
20.00 %
20.10 %
4.(a) Offer price Rs.11/10 (Rupees Eleven and Paise Ten per fully paid up Equity Share.)
Rs.6/10 (Rupees Six and Paise. Ten per partly paid up Equity Share.)
4 (b) Mode of settlement In Cash
Other relevant information
5. This Offer is pursuant to SEBI (Substantial Acquisition of Shares & Takeovers) Regulations 1997 and subsequent amendments thereof.
6. This Offer is not conditional as to any minimum level of acceptance.
7. This is not a competitive bid.
8. Statutory approvals required for completing the Offer – RBI approval in case of Non-Resident Shareholders. No other Statutory approvals, other than
this is required.
9. Shareholders who have accepted the offer by tendering the requisite documents, in terms of the Public announcement / Letter of offer, can
withdraw the same upto 3 working days prior to the date of closure of the Offer. The Last date for such withdrawal is Tuesday July 27, 2004
10. Any upward revision or withdrawal of the Offer would be informed by way of a Public Announcement in the same Newspapers where the original
Public Announcement had appeared. The last date for such revision is Wednesday, July 21, 2004. Consideration at the same rate will be paid for all
Equity Shares tendered anytime during the Offer period.
11. There is no Competitive Bid
A copy of this Letter of Offer (including the Form of acceptance and acknowledgement, Form of Withdrawal) and Copy of the Public Announcement is
available on SEBIs web-site: www.sebi.gov.in
MERCHANT BANKER TO THE OFFER REGISTRARS TO THE OFFER
FEDEX SECURITIES LIMITED MONDKAR COMPUTERS PVT. LTD
SEBI Regn. No. 1NM 000010163 SEBI Regn. No. INR 000000114
1205, Dalamal Tower, Nariman Point,
Mumbai 400 021
Tel. Nos. (022) 2282 9101/9102 Fax No. (022) 5630 1797
E Mail: [email protected]
Contact Person: Shri. R. Ramakrishnan
21, Shakil Niwas, Mahakali Caves Road,
Andheri (East), Mumbai 400 0093
Telephone Nos. 2836 6620, 2822 1966 Fax No. (022) 2821 1996
E mail: [email protected]
Contact Person: Shri.Ravindra Utekar
The Schedule of activities is as follows:
Activity Date
Public Announcement (PA) Thursday, May 20, 2004
Specified date Monday, June 14, 2004
Last date for a competitive bid Thursday, June 10, 2004
Letter of Offer to be posted to shareholders On or before Friday, June 25, 2004
Date of opening of the Offer Friday, July 2, 2004
Last