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DCM Ltd. — Major Shareholding Notification 2020
Feb 20, 2020
61500_rns_2020-02-20_0d246ceb-08da-44a2-a5c2-b50f8c9e1704.pdf
Major Shareholding Notification
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SUMANT BHARAT RAM C-54, ANAND NIKTAN,
SOUTH MOTI BAGH, SOUTH WEST DELHI, DELHI-110021
Date: :< 0/0 :2J ::2 Q <- C)
National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G Block, Bandra Kurla Complex Bandra (E),Mumbai - 400 051
BSELimited Corporate Relationship Department, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400001,
NSE Scrip Symbol: DCM BSE Scrip Code: 502820
Sub: Disclosure under Regulation 10(5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (the "SEBI Takeover Regulations, 2011") .
Dear Sir(s),
Please find attached herewith a disclosure (along with its requisite attachments) under Regulation 10(5) of the SEBI Takeover Regulations, 2011, with respect to acquisition of 57,00,000 (Fifty Seven Lakh Only) equity shares of DCM Limited by way of gift, without any consideration, from Dr. Vinay Bharat Ram. This would constitute an inter-se transfer of shares between" qualifying persons" in terms of Regulation 10(1)(a)(i)and 10(1)(a)(ii)of the SEBITakeover Regulations, 2011.
We therefore request you to please take note of the same and disseminate the same to the public.
Thanking You, Yours faithfull ,
Sumant at Ram PAN: AAKPR0597F
Date: <> 0 / 0 :z ) ~ 8-< n Place: New Delhi
cc: The Board of Directors/ Company Secretary DCMLimited Unit Nos. 2050 to 2052, Plaza - II, Central Square, 20, Manohar Lal Khurana Marg, Bara Hindu Rao, Delhi -110006.
Format for Disclosures under Regulation 10{S) - Intimation to Stock Exchanges in respect of acquisition under Regulation 10{1 )(a) of SEBI (Substantial Acquisition of Shares and. Takeovers) Regulations. 2011
| 1. | Name of the Target Company (TC) |
DCM Limited |
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|---|---|---|---|---|---|
| 2. | Name of the acquirer(s) |
Sumant Bharat Ram |
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| 3. | Whether the acquirer(s) isl are promoters of the TC prior to the transaction. If not, nature of relationship or association with the TC or its promoters |
Yes, the acquirer is part of promoter group and holds 17.97 % in the target company |
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| 4. | Details of the proposed acquisition |
||||
| Name of the person(s) from whom a. shares are to be acquired |
Dr. Vinay Bharat Ram |
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| Proposed date of acquisition b. |
SJ On or after February ~ 2020 |
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| c. Number of shares to be acquired from each person mentioned in 4(a) above |
57,00,000 Equity Shares |
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| Total shares to be acquired as % of d. share capital of TC |
30.52% | ||||
| Price at which shares are proposed to e. be acquired |
NIL (the shares are being acquired as gift, and no consideration will be paid by acquirer to existing shareholder) |
||||
| Rationale, if any, for the proposed f. transfer |
Inter-se transfer of shares amongst qualifying persons as defined in Regulation 10(1)(a)(i) and 10(1)(a)(ii) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. |
||||
| 5. | Relevant sub-clause of regulation 10(1)(a) under which the acquirer is exempted from making open offer |
Regulation 10(1)(a)(i) and 10(1)(a)(ii) of SEBI (Substantial Acquisition of shares and takeovers) regulations, 2011. |
| 6. | If, frequently traded, volume weighted average market price for a period of 60 trading days preceding the date of issuance of this notice as traded on the stock exchange where the maximum volume of trading in the shares of the TC are recorded during such period. |
Not Applicable, since the proposed transfer of equity shares of the Target Company is by way of a gift and no consideration will be paid. |
|---|---|---|
| 7. | If in-frequently traded, the price as determined in terms of clause (e) of sub-regulation (2) of regulation 8. |
Not Applicable, since the proposed transfer of equity shares of the Target Company is by way of a gift and no consideration will be paid. |
| 8. | Declaration by the acquirer, that the acquisition price would not be higher by more than 25% of the price computed in point 6 or point 7 as applicable. |
Not Applicable, since the proposed transfer of equity shares of the Target Company is by way of a gift and no consideration will be paid. |
| 9. | li. Declaration by the acquirer, that the Transferor and Transferee have complied (during 3 years prior to the date of proposed acquisition) / will comply with applicable disclosure requirements Chapter $\vee$ of the Takeover in 2011 Regulations, (corresponding provisions of the repealed Takeover Regulations 1997) The aforesaid disclosures made during ii. previous 3 years prior to the date of proposed acquisition to be furnished. |
We hereby declare that all the applicable provisions of Chapter V of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 shall be complied with. |
| 10. | Declaration by the acquirer that all the specified under regulation conditions 10(1)(a) with respect to exemptions has been duly complied with. |
We hereby declare that all the conditions, as applicable to this transaction, as specified under Regulation 10(1)(a) SEBI of (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 with respect to exemptions have been duly complied with. |
Blam
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| 11. | Shareholding details |
Before the | After the | |||
|---|---|---|---|---|---|---|
| proposed | proposed | |||||
| transaction | transaction | |||||
| No. of | %w.r.t | No. of | %w.r.t | |||
| shares | total | shares | total | |||
| Ivoting | share | Ivoting | share | |||
| rights | capital of |
rights | capital of |
|||
| TC | TC | |||||
| a | Acquirer(s) and PACs |
|||||
| (other than sellers) | ||||||
| 1. Sumant Bharat Ram |
33,56,932 | 17.97% | 90,56,932 | 48.49% | ||
| 2. Rahil Bharat Ram |
4,852 | 0.03% | 4,852 | 0.03% | ||
| 3. Yuv Bharat Ram |
4,800 | 0.02% | 4,800 | 0.02% | ||
| b | Seller(s) | |||||
| Dr. Vinay Bharat Ram |
57,00,000 | 30.52% | Nil | Nil |
Date _ 'Q 6 J 0 ~} :2. 0 ~ 0 Place: New Delhi