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W.S. Industries (India) Ltd. — M&A Activity 2022
May 7, 2022
60222_rns_2022-05-07_063c6424-3678-415b-820e-5263e54e254a.pdf
M&A Activity
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Saffron Capital Advisors Private Limited 605, Sixth Floor, Centre Point, Andheri Kurla Road J.B. Nagar, Andheri (East), Mumbai ‐ 400059 Tel.: +91‐22‐49730394 Email: [email protected] Website: www.saffronadvisor.com CIN No.: U67120MH2007PTC166711
May 7, 2022
To, Listing Department BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai – 400 001
Script Code: 504220
Dear Sir/Madam,
Sub: Proposed Open Offer by Mr. C K Venkatachalam (“Acquirer 1”), Mr. C K Balasubramaniam (“Acquirer 2”), Mr. S Anandavadivel (“Acquirer 3”), Mr. S Aravindan (“Acquirer 4”), Mr. S Nagarajan (“Acquirer 5”), Mr. Prakash K.V(“Acquirer 6”) and Trineva Infra Projects Private Limited (“Acquirer 7”) (Collectively Referred to as “Acquirers”) to acquire upto 80,33,000 Equity shares of ₹ 10/- each for cash at a price of ₹ 12.50 (Rupees Twelve and Fifty Paise only) per Equity Share aggregating upto ₹ 10,04,12,500/- (Ten Crores Four Lakhs Twelve Thousand and Five Hundred only), to the Public shareholders of W.S. Industries (India) Limited (“Target Company”) in accordance with the extant Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“Takeover Regulations”) (“Open Offer”).
We have been appointed as ‘Manager’ to the captioned Open Offer by the Acquirer in terms of regulation 12(1) of the Takeover Regulations. In this regard, pursuant to regulation 14(4) of the Takeover Regulations we are enclosing the following for your kind reference and records:-
- A copy of Detailed Public Statement dated May 6, 2022, (“ DPS ”) duly signed by the Power of Attorney Holder Mr. S Nagarajan (for himself and Acquirers 1, 2, 3, 4 and 6 under Specific Power of Attorney dated April 30, 2022) and Mr. C K Venkatachalam, on behalf of the Acquirer 7. The DPS was published today, May 7, 2022 in the following newspapers:-
| Sr. No. |
Newspapers | Language | Editions | |||
|---|---|---|---|---|---|---|
| 1 | Financial Express | English | All Editions | |||
| 2 | Jansatta | Hindi | All Editions | |||
| 3 | Dina Kural | Tamil | Registered office of Target Company | |||
| 4 | Navshakti | Marathi | Mumbai |
We shall arrange to courier the covering letter along with other original documents to your good offices shortly. We request you to kindly consider the attachments as good compliance and disseminate it on your website.
| In case of any clarification required, please contact the person | In case of any clarification required, please contact the person | as mentioned below: | ||
|---|---|---|---|---|
Contact Person |
Designation |
Contact Number |
E-mail Id | |
| Gaurav Khandelwal | Vice President | 9769340475 | [email protected] | |
| Pooja Jain | Assistant Company Secretary and Compliance Officer |
6260588358 | [email protected] |
For Saffron Capital Advisors Private Limited
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Gaurav Khandelwal Vice President Equity Capital Markets Encl: a/a
Registered Office: H‐130, Bhoomi Green, Raheja Estate, Kulupwadi, Borivali (East), Mumbai‐400 066/ SEBI Registration No: INM000011211
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