Kubota Corporation has made an Open Offer to acquire up to 3.75 crore equity shares of Escorts Limited at the price of Rs. 2000 per equity share. All the shareholders holding shares of Escorts Limited are eligible to tender shares in the open offer before the closure of tendering period. You can check the announcement from the company here.
Open Offer Schedule
Event
Date
Opening date of Tendering Period
March 14, 2022
Closure date of Tendering Period
March 28, 2022
Credit of payment for accepted shares/credit of unaccepted shares to demat account
April 11, 2022
How to tender shares in the Open Offer?
A duly filled Delivery Instruction slip (DIS) should be sent to Zerodha to transfer the shares to Kfintech Escrow Account. Once the DIS is received, Zerodha will issue the DIS acknowledgment copy via email. Applicants should then fill out the Form of Acceptance-cum-Acknowledgment (Page no. 72 from the Letter of offer) and send the duly signed copy along with all the relevant documents to the RTA.
Details of demat account to which shares have to be transferred:
Name of the Depository Participant
ICICI Bank Limited
DP ID
IN301348
Client ID
20200624
Account Name
KFIN TECHNOLOGIES ESCORTS OPEN OFFER ESCROW DEMAT ACCOUNT
Depository
NSDL
Mode of Instruction
Off Market
For more details, please check the Letter of offer here.
For the procedure to transfer shares using DIS, please check this support article.
On the Form of acceptance on page 72, it says “Public Shareholders holding shares in demat form are not required to submit the Form of Acceptance-cumAcknowledgment to the Registrar, unless required by their respective Selling Broker.” Is just transferring the shares via DIS to their escrow account enough?
@ShubhS9 - I called kfintech and they said unless the txn is bigger than 50 lakhs or the shares are in physical form, the acceptance form is not required.
They asked me to send the DIS acknowledgement from DP and cancelled cheque copy after the off-market transfer is complete. Could you please confirm the same?
The transfer cannot be done through CDSL Easiest. You’ll have to send us a duly filled Delivery Instruction Slip (DIS) to transfer the shares to Kfintech Escrow Account. You can check out more details in the main post.
So Zerodha Team please help me on this process, From what i read i need to do the below steps.
I have a joint demat account, with no DIS slips.
I need to first request for DIS slips using the form . Can i use the e-Sign for joint demat account?
After i get the DIS slips (hoping in next 7 days) i need to send the signed physical DIS slip back to Zerodha (Bangalore address) for transferring the shares.
Also need to send the acceptance form to registrar separately (Hyderabad address), along with cancelled cheque copy and DIS acknowledgement from Zerodha. My query, how do i get the DIS acknowledgement from Zerodha all in next 14 days.
all in next 14 days.
