BSE : Opening of Offer to Buy – Acquisition Window (Delisting) for DFM Foods Limited

NOTICES

Notice No.		20221209-41		Notice Date		09 Dec 2022
Category		Trading		Segment		Equity
Subject		Opening of Offer to Buy - Acquisition Window (Delisting) for DFM Foods Limited
Attachments		DFM Foods - 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.

All Market Participants are hereby informed that an Offer for Voluntary Delisting of Equity Shares to the Public Shareholders of DFM Foods Limited ("Target Company") is made by AI Global Investments (Cyprus) PCC Limited ("Acquirer") along with AI Darwin (Cayman) Limited ("PAC") to acquire 1,32,21,739 equity shares of face value of Rs. 2/- representing 26.30% of the total paid up equity share capital of the Company from the Public Shareholders, at the floor price of Rs.263.80/- per Equity Share of the Company through the reverse book-building process in accordance with the SEBI Delisting Regulations, from December 13, 2022 to December 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>

<_o3a_p>

Mangesh Tayde<_o3a_p>

Asst. General Manager<_o3a_p>

Listing Sales & Ops<_o3a_p>

December 09, 2022<_o3a_p>