Ricoh India Ltd. - Failure of the Delisting Offer
17/06/2014 10:39
Ricoh India Ltd has informed BSE that :
"This has reference to the Delisting process of Ricoh India Limited.
We wish to reiterate that Ricoh Asia Pacific Pte. Ltd., (a Member of the Promoter and Promoter group as defined under applicable laws of India) ("Acquirer") had made a public announcement of the Delisting Offer of Ricoh India Limited in accordance with Regulation 18 of the SEBI ( Delisting of Equity Shares) Regulations, 2009.
As set out in the Public Announcement, the price at which the maximum number of equity shares which were validly tendered in the Delisting Offer ("Discovered Price") is Rs. 200/- (Rupees Two Hundred).
The Acquirer has rejected price of Rs. 225/-, where the total number of shares to be acquired for successful Delisting Offer were tendered, as per website of BSE Limited.
Accordingly, the Delisting Offer is deemed to have failed in terms of Regulation 19(1) of the Delisting Regulations and hence the Acquirer will not acquire any Offer Shares tendered by the Public Shareholders pursuant to the Delisting Offer and the Equity Shares of Ricoh India Limited will continue to remain listed on the BSE."
The Company has submitted to BSE copy of the Public announcement which appeared in the Newspaper on June 17, 2014.
17/06/2014 10:39
Ricoh India Ltd has informed BSE that :
"This has reference to the Delisting process of Ricoh India Limited.
We wish to reiterate that Ricoh Asia Pacific Pte. Ltd., (a Member of the Promoter and Promoter group as defined under applicable laws of India) ("Acquirer") had made a public announcement of the Delisting Offer of Ricoh India Limited in accordance with Regulation 18 of the SEBI ( Delisting of Equity Shares) Regulations, 2009.
As set out in the Public Announcement, the price at which the maximum number of equity shares which were validly tendered in the Delisting Offer ("Discovered Price") is Rs. 200/- (Rupees Two Hundred).
The Acquirer has rejected price of Rs. 225/-, where the total number of shares to be acquired for successful Delisting Offer were tendered, as per website of BSE Limited.
Accordingly, the Delisting Offer is deemed to have failed in terms of Regulation 19(1) of the Delisting Regulations and hence the Acquirer will not acquire any Offer Shares tendered by the Public Shareholders pursuant to the Delisting Offer and the Equity Shares of Ricoh India Limited will continue to remain listed on the BSE."
The Company has submitted to BSE copy of the Public announcement which appeared in the Newspaper on June 17, 2014.
