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Cemindia Projects Limited — Major Shareholding Notification 2020
Nov 7, 2020
61981_rns_2020-11-07_024ba3fc-5079-4339-8ce0-fd397ee1f135.pdf
Major Shareholding Notification
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DocuSign Envelope ID: 71C4E6A0-B6C2-4277-82B5-70F767F9A3E9
November 6, 2020
The Secretary The Secretary BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, 3[rd] Floor Dalal Street, Fort Plot No.3-1”G” Block, I.F.B. Centre, Mumbai 400001 Bandra-Kurla-Complex, Bandra (East) E-mail: [email protected] Mumbai – 400 051 Email: [email protected]
The Compliance Officer ITD Cementation India Ltd. National Plastic Building A Subhash Road, Paranjape B Scheme, Vile Parle (East) Mumbai 400 057 E-mail: [email protected]
BY E-MAIL
Dear Sirs
Subject: Disclosure under Regulation 29 (2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011 (“Takeover Regulations”)
This is to inform you that (i) Massachusetts Institute of Technology and (ii) 238 Plan Associates LLP have acquired 2,990,000 equity shares and 525,000 equity shares of ITD Cementation India LTd. (" Company "), respectively on 6 November 2020, which coupled with the previous acquisitions has crossed the 2% threshold for the purpose of Regulation 29(2) of the Takeover Regulations.
Accordingly, please find enclosed a disclosure under Regulation 29(2) of the Takeover Regulations.
Kindly take the above on record.
Thanking you
Yours faithfully
| For MASSACHUSETTS INSTITUTE OF TECHNOLOGY ________ Seth Alexander President, MIT Investment Management Company Authorized Signatory |
For 238 PLAN ASSOCIATES LLC ________ Seth Alexander President Authorized Signatory |
|---|---|
Encl: As above
DocuSign Envelope ID: 71C4E6A0-B6C2-4277-82B5-70F767F9A3E9
Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
Part A – Details of the Acquisition
| Name of the Target Company ("TC") | ITD Cementation India Ltd. | ITD Cementation India Ltd. | ITD Cementation India Ltd. |
|---|---|---|---|
| Name(s) of the acquirer and Persons Acting in Concert (PAC) with the acquirer |
Acquirer (i) Massachusetts Institute of Technology (“MIT”) (ii) 238 Plan Associates LLC (“238 Plan”) PAC MIT and 238 Plan are persons acting in concert with each other |
||
| Whether the acquirer belongs to Promoter / Promoter group |
No | ||
| Name(s) of the Stock Exchange(s) where the shares of TC are Listed |
The National Stock Exchange of India Limited BSE Limited |
||
| Details of the acquisition as follows | Number | % w.r.t. total share / voting capital wherever applicable(*) |
% w.r.t. total diluted share / voting capital of the TC (**) |
| Before the acquisition under consideration, holding of acquirer along with PACs of: |
|||
| a) Shares carrying voting rights | |||
| a. MIT | 8,300,000 | 4.83% | 4.83% |
| b. 238 Plan | 1,925,000 | 1.12% | 1.12% |
| b) Shares in the nature of encumbrance (pledge / lien / non-disposal undertaking / others) |
NA | NA | NA |
| c) Voting rights (VR) otherwise than by equity shares |
NA | NA | NA |
| d) Warrants / convertible securities / any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) |
NA | NA | NA |
| e) Total (a+b+c+d) | 10,225,000 | 5.95% | 5.95% |
| Details of acquisition |
DocuSign Envelope ID: 71C4E6A0-B6C2-4277-82B5-70F767F9A3E9
| a) Shares carrying voting rights acquired1 | |||
|---|---|---|---|
| a. MIT | 2,990,000 | 1.74% | 1.74% |
| b. 238 Plan | 525,000 | 0.31% | 0.31% |
| b) VRs acquired otherwise than by equity shares |
NA | NA | NA |
| c) Warrants / convertible securities / any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) acquired |
NA | NA | NA |
| d) Shares in the nature of encumbrance (pledge / lien / non-disposal undertaking / others) |
NA | NA | NA |
| e) Total (a+b+c+/-d) | 3,515,000 | 2.05% | 2.05% |
| After the acquisition, holding of acquirer along with PACs of: |
|||
| a) Shares carrying voting rights | |||
| a. MIT | 11,290,000 | 6.57% | 6.57% |
| b. 238 Plan | 2,450,000 | 1.43% | 1.43% |
| b) VRs otherwise than by equity shares | NA | NA | NA |
| c) Warrants / convertible securities / any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) after acquisition |
NA | NA | NA |
| d) Shares in the nature of encumbrance (pledge / lien / non-disposal undertaking / others) |
NA | NA | NA |
| e) Total (a+b+c+d) | 13,740,000 | 8.00% | 8.00% |
| Mode of acquisition (e.g. open market / public issue / rights issue / preferential allotment / inter- se Transfer/encumbrance, etc.) |
Open Market | ||
1 MIT and 238 Plan have acquired an aggregate of 2,990,000 equity shares and 525,000 equity shares, respectively, in a series of acquisitions undertaken by them between 25 September 2020 and 6 November 2020.
DocuSign Envelope ID: 71C4E6A0-B6C2-4277-82B5-70F767F9A3E9
Date of acquisition of / date of receipt of intimation of allotment of shares / VR / warrants / convertible securities / any other instrument that entitles the acquirer to receive shares in the TC.
MIT
| MIT | |
|---|---|
| Date of Acquisition |
No. of shares acquired |
| 9/25/2020 | 600,000 |
| 10/6/2020 | 128,000 |
| 10/7/2020 | 46,000 |
| 10/9/2020 | 40,000 |
| 10/12/2020 | 171,000 |
| 10/13/2020 | 48,000 |
| 10/14/2020 | 40,000 |
| 10/15/2020 | 108,000 |
| 10/16/2020 | 92,000 |
| 10/19/2020 | 27,000 |
| 10/21/2020 | 46,000 |
| 10/23/2020 | 56,000 |
| 10/26/2020 | 100,000 |
| 10/27/2020 | 60,000 |
| 10/28/2020 | 32,000 |
| 10/29/2020 | 114,000 |
| 10/30/2020 | 104,000 |
| 11/2/2020 | 178,000 |
| 11/3/2020 | 733,000 |
| 11/4/2020 | 77,000 |
| 11/5/2020 | 80,000 |
| 11/6/2020 | 110,000 |
| Total | 2,990,000 |
| 238 Plan | |
| Date of Acquisition |
No. of shares acquired |
| 9/25/2020 | 114,000 |
| 10/6/2020 | 32,000 |
| 10/7/2020 | 12,000 |
| 10/9/2020 | 10,000 |
| 10/12/2020 | 43,000 |
| 10/14/2020 | 10,000 |
| 10/15/2020 | 27,000 |
| 10/16/2020 | 23,000 |
| 10/19/2020 | 7,000 |
| 10/21/2020 | 11,000 |
| 10/23/2020 | 14,000 |
| 10/26/2020 | 25,000 |
| 10/27/2020 | 15,000 |
| 10/28/2020 | 8,000 |
| 10/29/2020 | 28,000 |
| 10/30/2020 | 26,000 |
| 11/2/2020 | 45,000 |
| 11/3/2020 | 75,000 |
| Total | 525,000 |
INR 171,787,584 (171,787,584 equity shares of Equity share capital / total voting capital of the INR 1 each) TC before the said acquisition
DocuSign Envelope ID: 71C4E6A0-B6C2-4277-82B5-70F767F9A3E9
INR 171,787,584 (171,787,584 equity shares of Equity share capital / total voting capital of the INR 1 each) TC after the said acquisition INR 171,787,584 (171,787,584 equity shares of Total diluted share / voting capital of the TC after INR 1 each) the said acquisition
Note:
(*) Total share capital / voting capital to be taken as per the latest filing done by the Target Company to the Stock Exchange under Regulation 31 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
(**) Diluted share / voting capital means the total number of shares in the TC assuming full conversion of the outstanding convertible securities/warrants into equity shares of the TC.
For MASSACHUSETTS INSTITUTE OF TECHNOLOGY For 238 PLAN ASSOCIATES LLC
________ Seth Alexander President, MIT Investment Management Company Authorized Signatory
________ Seth Alexander President and Authorized Signatory
Place : Cambridge, MA USA Date : November 6, 2020