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SMS Pharmaceuticals Ltd — Major Shareholding Notification 2020
Jun 23, 2020
62302_rns_2020-06-23_dd77bbeb-2b9a-40a7-8bc4-6bab1a8a6d19.pdf
Major Shareholding Notification
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Date: 22.06.2020
From: Ramesh Babu Potluri Plot No: 26SQ, Road No:l0 Jubilee Hills Hyderabad - 500 033
To:
Listing Centre/Corporate Relation Department B S E Limited P J Towers, Dalal Street Mumbai : 400001
Scrip Code : 532815 Email: [email protected]; [email protected]
The Company Secretary SMS Pharmaceuticals Limited Plot No. 72, RNo: 8-2-334/3 & 4, Road No. 5 Opp. SBI Executive Enclave, Banjara Hills Hyderabad 500034.
Dear Sirs,
National Stock Exchange of India Limited "Exchange Plaza", Bandta-Kurla Complex Bandta East, Mumbai : 400051
Trading Symbol: SMSPHARMA Email: [email protected]
Asst. Vice President
Sub: Intimation under Regulation 10(5) of ti,e SEBI (SAS1) Regulation, 201l. Ref: Name of the Target Company: SMS Pharmaceuticals Limited - ISIN: INE812G01025
Intimation is hereby given, pursuant to Regulation 10(5) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulation, 2011, as amended, (hereinafter referred to "Regulations,) that I intend to acquire 26,50,000 (Twenty-six lakhs fifty thousand) equity shares (3.13%)of SMS Pharmaceuticals Limited ("Target Company'') on or after 26.06.2020 from Mrs. Annapuma Talluri. The said transaction is an inter-se transfer between members of Promoters/Promoters' Group / Persons acting in concert.
An advance intimation in the prescribed fonn as required under aforesaid regulation is enclosed herewitll for your information and records.
Thanking you,
YOT7 Ramesh Babu Potluri
Encl as above
Disclosures under Regulation 10(5) - Intimation to Stock Exchanges in respect of acquisition under Regulation 10(1)(a) ofSEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
| 1. | Name of the Target Company (fC) | SMS Pharmaceuticals Limited ("Target Company' ') | |||
|---|---|---|---|---|---|
| CIN : 124239TG 1987PLC008066 | |||||
| 2. | Name of the acquirer(s) | Ramesh Babu Potluri | |||
| 3. | Whether the acquirer(s ) is/ are |
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| promoters of ti,e TC prior to me | Yes | ||||
| of If transaction. not, nature |
Promoter & Promoter Group | ||||
| relationship or association wim the | Persons acting in concert | ||||
| TC or its promoters | |||||
| 4. | Details of the proposed acquisition | ||||
| Name of ti,e person(s) from a |
Annapurna Talluri | ||||
| whom shares are to be acquired | |||||
| b | Proposed date of acquisition | Any time after 4 (four) working days from ti,e date of this intimation, | |||
| i.e. on or after Friday, June 26, 2020 | |||||
| c | Number of shares to be | 2650000 Equity Shares | |||
| acquired from each person | |||||
| mentioned in 4(a) above | |||||
| d | Total shares to be acquired | 3.13% | |||
| as % of share capital ofTC | |||||
| e | Price at which shares are | Rs. 43.05 per share | |||
| . proposed to be acquired | |||||
| f | Rationale, if any, for the | Inter-se transfer of equity shares of SMS Pharmaceuticals Ltd between | |||
| proposed transfer | members of Promoter and Promo ter Group Persons acting in concert |
||||
| 5. | Relevant sub-clause of regulation | Regulation 10(1)(a)(ii) of SEBI (Substantial Acquisition of Shares and | |||
| 10(1)(a) under which me acquirer | Takeovers) Regulations, 2011 as amended (''Takeover Regulations, | ||||
| is exempted from making open | 2011 ") | ||||
| offer frequently traded, volume |
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| 6. | If, weighted average market price for |
Rs.43.05 per share (NSE) | |||
| a | of 60 period trading days |
||||
| preceding ti,e date of issuance of | |||||
| tlus notice as traded on me stock | |||||
| where the exchange maXlmum |
|||||
| volume of trading in the shares of | |||||
| the TC are recorded during such | |||||
| period. |
| If in-frequently traded, the price as | ||||||
|---|---|---|---|---|---|---|
| 7. | determined in terms of clause (e) of | Not applicable | ||||
| sub-regulation (2) of regulation 8. | ||||||
| 8. | Declaration by the acquirer, that the acquisition price would not be higher 25% of the by pnce more than |
We hereby declare that the acquisition price is not higher by more than 25% of the price computed in Point 6. |
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| computed in point 6 or point 7 as | ||||||
| applicable. | ||||||
| 9. | Declaration by the acquirer, that the | We hereby declare that the transferor and transferee have | ||||
| transferor and have transferee |
complied /will comply with applicable disclosure requirements in | |||||
| / will complied comply with |
Chapter V of the Takeover Regulations, 2011. | |||||
| applicable disclosure requirements in | ||||||
| of Chapter V the Takeover |
||||||
| Regulations, 2011 (corresponding provisions of the repealed Takeover |
||||||
| Regulations 1997) | ||||||
| 10. | Declaration by the acquirer tllat all the | We hereby declare that all the conditions specified under | ||||
| conditions specified under regulation | Regulation 10(1)(a) of the takeover Regulations, with respect to | |||||
| 10(1)(a) with respect to exemptions | exemptions have been duly complied with, to the extent |
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| has been duly complied with. | applicable. | |||||
| 11. | Shareholding details | Before the proposed | After the proposed transaction | |||
| transaction | ||||||
| No. of | % w.r.t. | No. of | 0/0 w.r.t. | |||
| shares/Voting | total share | shares /V oting | total share | |||
| rights | capital of | rights | capital of | |||
| a. | Acquirer(s) and PACs (other than | 41106330 | TC 48.56% |
43756330 | TC 51.69 |
|
| sellers) (*) | ||||||
| b. | Seller (s) | 15859020 | 18.73% | 13209020 | 15.60 | |
RAME UPOTLURI Promoter of Target Company
Date: 22.06.2020 Place: Hyderabad