Notifications, Scrip Scan

Daily Notifications as on 24th August 2020

Scrip Sanctuaries for protection from the wildlife in this jungle of Indian Equities

Daily Notifications as on 24th August 2020

1. Scrip code : 543210
Name : Aarti Surfactants Limited
Subject : Announcement under Regulation 30 (LODR)-Open Offer – Updates
Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ref: Proposed Open Offer by Ms. Jaya Chandrakant Gogri (‘Acquirer 1’) and Nikhil Holdings Private Limited (‘Acquirer 2’) (Collectively referred to as ‘Acquirers’) to acquire upto 19,71,965 Equity shares of Rs. 10/- each for cash at a price of Rs. 284/- aggregating upto Rs. 56,00,38,060 (Rupees Fifty Six Crores Thirty Eight Thousand and Sixty only), to the Public shareholders of Aarti Surfactants 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 are attaching herewith a Draft Letter of Offer dated August 19, 2020 received from Saffron Capital Advisors Private Limited, Manager to the captioned Open Offer. We request you to take the above disclosure on record.

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