Endeavour Trade and Investment Limited has made an Open Offer to acquire up to 4.89 crore equity shares of ACC Cements Limited at the price of Rs. 2300 per equity share and 51.63 crore shares of Ambuja Cement Limited at the price of Rs. 385 per equity share.
All the shareholders holding shares of ACC Cements Limited and Ambuja Cements Limited are eligible to tender shares in the open offer before the closure of tendering period. You can check the announcement from ACC Cement here and Ambuja Cement here.
Open Offer Schedule
Event | Date |
---|---|
Opening date of Tendering Period | August 26, 2022 |
Closure date of Tendering Period | September 09, 2022 |
Credit of payment for accepted shares/credit of unaccepted shares to the demat account | September 23, 2022 |
How to tender shares in the Open Offer?
To tender the shares of ACC and Ambuja Cement Limited in the open offer, you will have to follow the offline method. Since the acquirer is not a person resident in India under applicable Indian foreign exchange control regulations. The mechanism for the acquisition of equity shares of the target company through stock exchanges is not available as per SEBI regulations.
Here’s how you can tender the shares;
A duly filled Delivery Instruction slip (DIS) should be sent to Zerodha to transfer the shares to the escrow depository account. For the procedure to transfer shares using DIS, please check this support article.
Details of demat account to which shares have to be transferred:
ACC Cement Limited | |
---|---|
Name of the Depository Participant | VENTURA SECURITIES LIMITED |
DP ID | IN303116 |
Client ID | 14480375 |
Account Name | LIIPL ACC LIMITED OFFER ESCROW DEMAT ACCOUNT |
Depository | NSDL |
Mode of Instruction | Off Market |
Ambuja Cement Limited | |
---|---|
Name of the Depository Participant | VENTURA SECURITIES LIMITED |
DP ID | IN303116 |
Client ID | 14480367 |
Account Name | LIIPL AMBUJA CEMENTS |
Depository | NSDL |
Mode of Instruction | Off Market |
Registrar and Transfer Agent contact details: +91 22 4918 6200 / [email protected] / [email protected]