AI assistant
Inox Wind Limited — Major Shareholding Notification 2021
Sep 28, 2021
59313_rns_2021-09-28_0f38ecd5-8314-4be6-bfe3-c788e732ff47.pdf
Major Shareholding Notification
Open in viewerOpens in your device viewer
Date: 28th September, 2021
| To, | To, |
|---|---|
| National Stock Exchange of India Limited | BSE Limited |
| Exchange Plaza, | Phiroze Jeejeebhoy Towers, |
| Plot No. C/1, G Block, | Dalal Street, |
| Bandra Kurla Complex, | Mumbai - 400 001 |
| Bandra (East), Mumbai - 400 051 | |
| NSE Scrip Code: INOXWIND | BSE Scrip Code: 539083 |
Dear Sirs,
Subject: Report under Regulation 10(6) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 ("Takeover Regulations")
Target Company: Inox Wind Limited
We would like to inform you that Siddhapavan Trading LLP has acquired 4.51% equity shares of Inox Wind Limited from Inox Chemicals LLP, by way of 'inter-se' transfer – block deal, which amounts to direct acquisition of equity shares of Inox Wind Limited under Regulation 3 of the Takeover Regulations. The said acquisition was pursuant to inter-se transfer of shares amongst qualifying persons as specified in Regulation 10(1)(a)(ii) of Takeover Regulations.
The Report as prescribed under Regulation 10(6) of the Takeovers Regulations as amended by SEBI Circular No. SEBI/HO/CFD/DCR1/CIR/P/2016/52 dated May 2, 2016 setting out the details of the said direct acquisition of equity shares of Inox Wind Limited by way of inter-se transfer is enclosed herewith.
The necessary intimation under Regulation 10(5) of the Takeover Regulations for the said direct acquisition, in the prescribed format, has already been submitted vide letter dated 15th September, 2021.
Kindly take the information on record.
Thanking you,
For and on behalf of Siddhapavan Trading LLP (Acquirer)
Devendra Kumar Jain 'LJLWDOO\VLJQHGE'HYHQGUD.XPDU -DLQ '1FQ 'HYHQGUD.XPDU-DLQF ,1 R 3HUVRQDORX 3HUVRQDO 5HDVRQ,DPWKHDXWKRURIWKLV GRFXPHQW /RFDWLRQ 'DWH
(Partner)
Encl.: As above.
Format for Disclosures under Regulation 10(6) –Report to Stock Exchanges in respect of any acquisition made in reliance upon exemption provided for in Regulation 10 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
| 1. | (TC) | Name of the Target Company | Inox Wind Limited | ||
|---|---|---|---|---|---|
| 2. | Name of the acquirer (s) | Siddhapavan Trading LLP | |||
| 3. | Name of the stock exchange whereshares of the TC are listed | BSE Ltd. (BSE) &National Stock Exchange of India Ltd. (NSE) | |||
| 4. | Details of the transaction includingrationale, if any, for the transfer/acquisition of shares. | This was a direct acquisition of equity shares of InoxWind Limitedby the acquirer pursuant to internalrestructuringof shareholding within promoter andpromoter group. | |||
| 5. | Relevant regulation under whichthe acquirer is exempted frommaking open offer. | 10(1)(a)(ii) | |||
| 6. | Whether disclosure of proposedacquisition was required to bemade under regulation 10 (5) and ifso,- whether disclosure was made andwhether it was made within thetimelinespecifiedundertheregulations.-date of filing with the stockexchange. | Yes15th September, 2021 | |||
| 7. | Details of acquisition | Disclosures requiredto be made underregulation 10(5) | Whether thedisclosures underregulation 10(5) areactually made | ||
| a. | Name of the transferor /seller | Inox Chemicals LLP | Yes | ||
| b. | Date ofacquisition | 27th September, 2021 | |||
| c. | Number of shares/ votingrights in respect of theacquisitions from eachperson mentioned in 7(a)above | 1,00,00,000 | |||
| d. | Total shares actually acquiredas a % of diluted share capitalof TC | 4.51% | |||
| e. | Price at which shares areactually acquired | 101.70 per share |
| 8. | Shareholding details | Pre-Transaction | Post-Transaction | |||
|---|---|---|---|---|---|---|
| No. of | % w.r.t | No. of | % | |||
| equity | total | equity | w.r.t | |||
| shares | equity | shares | total | |||
| held | share | held | equity | |||
| capital | share | |||||
| of TC | capitalof TC | |||||
| Each Acquirer/Transferee | ||||||
| a. | Acquirer | |||||
| Siddhapavan Trading LLP | 1,00,00,000 | 4.51% | 2,00,00,000 | 9.01% | ||
| Sub- Total | 1,00,00,000 | 4.51% | 2,00,00,000 | 9.01% | ||
| b. | PACs [other than Seller] | |||||
| 11,40,76,137 | 51.40% | 11,40,76,137 | 51.40% | |||
| Inox Wind Energy Limited | ||||||
| Devansh Trademart LLP | 1,00,00,000 | 4.51% | 1,97,66,400 | 8.91% | ||
| Siddho Mal Trading LLP | 97,66,400 | 4.40% | - | - | ||
| 13,38,42,537 | 60.31% | 13,38,42,537 | 60.31% | |||
| Sub -Total | ||||||
| c. | Each Seller/Transferor | |||||
| Inox Chemicals LLP | 1,00,00,000 | 4.51% | - | - | ||
| Sub-Total | 1,00,00,000 | 4.51% | - | - | ||
| Total | 15,38,42,537 | 69.32% | 15,38,42,537 | 69.32% |
For and on behalf of Siddhapavan Trading LLP (Acquirer)
Devendra Kumar Jain 'LJLWDOO\VLJQHGE'HYHQGUD.XPDU-DLQ '1FQ 'HYHQGUD.XPDU-DLQF ,1 R 3HUVRQDORX 3HUVRQDO 5HDVRQ,DPWKHDXWKRURIWKLVGRFXPHQW /RFDWLRQ 'DWH
(Partner)