Ajit B. Kulkarni - Money Control - Moneycontrol.com
Ajit B. Kulkarni - Money Control - Moneycontrol.com
Ajit B. Kulkarni - Money Control - Moneycontrol.com
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06/07 2013 18:1< 380088vv i nor iwiin<br />
<strong>Ajit</strong> B. <strong>Kulkarni</strong><br />
401, Usba Kamal, 574, Chembur Naka, Chembur, Mumbai 400071<br />
Phone: (022) 25277519<br />
Date : 06 h·.july, 2013<br />
BSE Ltd.<br />
Department of Corporate Service<br />
P. J. Towers, Dalal Street Bandra (East),<br />
M u m b a i- 400001. Mumbai 400051.<br />
National Stock Exchange of India Ltd<br />
"Exchange Plaza", Bandra -Kurla Complex,<br />
Scrip code: 532718<br />
Scrip ID: Pratibha<br />
Ref.: Promoters inter-Se Transfer<br />
under Reg 10 of the SEBI Take Over Code<br />
Sub.: Intimation of Transfer of Shares of Pratibha Industries Limited<br />
Dear Sir,<br />
With regard to<br />
the<br />
SEBI (Substantial<br />
Acquisition of Shares and TAkeover)<br />
are proposing to transfer 6,00,000 equity shares {Six Lacs Equity Shares) in Pratibha<br />
Industries Limited representing 0.59%<br />
up share capital amongst<br />
the promoters inter se transfer, i.e. from Vinayak B. <strong>Kulkarni</strong> Jt. Vandana V. <strong>Kulkarni</strong><br />
to a joint<br />
B. <strong>Kulkarni</strong> Jt. Samidha A. Kuikarni.<br />
above and as per<br />
account held by us in the name of <strong>Ajit</strong><br />
Regulation 10 (5) of the<br />
Regulation 2011, we hereby<br />
Capprox.) of the paid<br />
inform you that we<br />
The above transaction shall take place pursuant to terms and conditions of family<br />
settlement agreement amongst the promoters and promoter group.<br />
We are proposing to effect the aforesaid promoters inter-se<br />
2013, by way of block deal.<br />
transfer on 12 July,<br />
th<br />
We are enclosing herewith our intimation in the prescribed format as specified in<br />
the captioned regulation for your information and record.<br />
regulation 10(5) of<br />
Please accept and acknowledge the receipt,<br />
Thankingyou,<br />
You hfully<br />
m<br />
<strong>Ajit</strong> B. KullS#LA<br />
Jt· Samidha <strong>Kulkarni</strong><br />
Encl.: as above<br />
CC.:<br />
Company Secretary<br />
Pratibha Industries Limited<br />
Mumbai
08/07 2013 18:18 385588uu TnnliDnn<br />
.<br />
-<br />
Regulation 10(1)(a) of SEBI<br />
Regulations, 2011<br />
-..<br />
1 Name ofthe Target Company (TC) Pratibha Industries Limited<br />
2<br />
-. ---<br />
Name of the acquirer(s) <strong>Ajit</strong> B.<br />
Whether the<br />
TC prior<br />
3 to the transaction. If not, nature of relationship or<br />
association with the TC or<br />
4 Details of the<br />
5<br />
a.<br />
acquirer(s) is/ are promoters of the<br />
its promoters<br />
proposed acquisition<br />
Name of the person(s) from whom shares are to<br />
be acquired<br />
b. Proposed date<br />
C.<br />
d.<br />
e.<br />
'<br />
<strong>Kulkarni</strong> Jt. Samidha A. Kulkami<br />
Yes, Promoters of the Company<br />
Vinayak B. <strong>Kulkarni</strong> \<br />
it. Vandana V. <strong>Kulkarni</strong><br />
of acquisition 12m July 2013<br />
Number of shares to be<br />
600,000 equity<br />
person mentioned in 4(a) above<br />
Total shares to be acquired as % of share capital 0.59%<br />
of TC<br />
acquired from each<br />
Price at which shares are proposed to be<br />
acquired<br />
the proposed transfer<br />
Relevant sub-clause of<br />
the acquirer is exempted from making open offer<br />
f. Ratignale, if any, for<br />
Market price<br />
regulatio-n 10 1 2) u-nderwhic - 10 11) (a) (ii) -<br />
shares of Rs.2/- each<br />
Inter se Transfer among Promoters<br />
If, frequently traded, volume weighted average market<br />
price for a period of 60 trading days<br />
6 of issuance of<br />
.-<br />
this notice as<br />
preceding the date<br />
traded on the stock<br />
exchange where the maximum volumeof trading in the<br />
shares of the TC are recorded during such period,<br />
Yes, Frequently Traded on BSE and NSE<br />
BSE : Rs.32.01<br />
NSE : Rs.34.64<br />
--<br />
7 If in-frequently traded, the price as determined in terms N.A.<br />
of regulation 8.<br />
of clause (e) of sub-regulation (2)<br />
Declaration by the acquirer, that the acquisition price<br />
8 would not be<br />
the price<br />
<strong>com</strong>puted in point 6 or point 7 as applicable.<br />
higher by more than 25% of<br />
.-.<br />
Declaration by the acquirer, that the transferor and<br />
transferee have <strong>com</strong>plied / will <strong>com</strong>ply with applicable<br />
9 disclosure requirements in<br />
Format for Disclosures under Regulation 10(5)-<br />
Intimation to Stock Exchanges in respect of acquisition<br />
under<br />
(Substantial Acquisition of Shares and Acquisition of Shares and<br />
Iakeovers)<br />
-.-<br />
Chapter V of the Takeover<br />
Regulations, 2011 (corresponding provisions of the<br />
repealed Takeover Regulations 1997)<br />
Declaration bythe acquirerthatall the conditions<br />
10 specified under regulation 10(1)(a) with respect to<br />
duly <strong>com</strong>plied with.<br />
exemptions has been<br />
N.A.<br />
Yes, we have <strong>com</strong>plied/ will <strong>com</strong>plied with<br />
all applicable<br />
the SEBl (Substantial Acquisition of Shares<br />
requirements in Chapter v of<br />
and Takeover$) Regulations, 2011<br />
Yes, we declare that all the conditions<br />
specified under<br />
regulation 10(1)(a) with<br />
respect to exemptions has been duly<br />
<strong>com</strong>plied with.
-<br />
08/07 2013 18:18 38558800<br />
rnMilonA<br />
....'<br />
11 Shareholding details<br />
Before the proposed<br />
transaction<br />
After the proposed<br />
transaction<br />
% %<br />
No, of w.r.t No. of w. r.t<br />
shares total shares total<br />
/voting share /voting share<br />
rights capital rights capital<br />
of TC<br />
of TC<br />
a. Acquirer(s) and PACS (other than sellers)(*) 45,592,004 45,12 46,192,004 45.71<br />
Annexure A (After taking effect of proposed<br />
transfer of 6,00,000 shares on 9th July)<br />
b.<br />
Seller (s) 66,17,185 6.55 6,017,185 5.95<br />
(After taking effect of<br />
th<br />
6,00,000 shares on 9 July)<br />
proposed transfer of<br />
Ii- Il--I<br />
-<br />
AJIT B. KUL NI<br />
JT. SAMIDHA A. KULKARNI<br />
4997-<br />
Date : 6 July, 2013<br />
Place: Mumbai
06/07 2013 18:18<br />
33 0088 V V I lin liwiln<br />
SEF-022 3-RANLAC.Flort<br />
ACQUIRER(S) AND<br />
PACs (other than Sellers)<br />
1 Usha Bhagwan <strong>Kulkarni</strong> 1,30,02,500 12.87<br />
2 <strong>Ajit</strong> B <strong>Kulkarni</strong><br />
1,31,70,554 13.03<br />
3 <strong>Ajit</strong> Bhagwan <strong>Kulkarni</strong> - HUF<br />
43,17,750 4.27<br />
4 Vjnayak Bhagwan <strong>Kulkarni</strong> - HUF19,72,825<br />
1.95<br />
5 Ramdas Bhagwan <strong>Kulkarni</strong> 17,52,500 1.73<br />
6 Sunanda Datta <strong>Kulkarni</strong> 1,0(),00,000 9.90<br />
7 Ravi <strong>Ajit</strong> <strong>Kulkarni</strong><br />
8 Vandana Vinayak <strong>Kulkarni</strong><br />
9 Radha Raindas Ku lkami<br />
10 Samidha <strong>Ajit</strong> <strong>Kulkarni</strong><br />
10,00,000 0.99<br />
1,19,425<br />
0.12<br />
2,500 0.00<br />
2,500 0.00<br />
11 Anand A <strong>Kulkarni</strong> 6,250 0.01<br />
12 Manohar Dattatraya <strong>Kulkarni</strong><br />
4,700 0.00<br />
13 Sanjay Vinayak <strong>Kulkarni</strong> 3,500 0.00<br />
Pratibha Industries Employees Stock<br />
14 Option Trust<br />
2,37,000<br />
0-23<br />
4,55,92,004 45.12<br />
*
06/07 2013 18:18 385583vv<br />
rn,-iliDI-In<br />
After Transaction<br />
ACQUIRER(S) AND<br />
PACs (other than Sellers)<br />
1<br />
Usha Bhagwan <strong>Kulkarni</strong><br />
1,30,02,500 12.87<br />
2 <strong>Ajit</strong> B <strong>Kulkarni</strong> 1,37,70,554 13.63<br />
3 <strong>Ajit</strong> Bhagwan <strong>Kulkarni</strong> - HUF 43,17,750 4.27<br />
4 Vinayak Bhagwan <strong>Kulkarni</strong> - HUF<br />
19,72,825 1.95<br />
5 Ramdas Bhagwan <strong>Kulkarni</strong> 17,52,500 1.73<br />
6 Sunanda Dalla <strong>Kulkarni</strong><br />
7 Ravi <strong>Ajit</strong> <strong>Kulkarni</strong><br />
1,00,00,000 9.90<br />
10,00,000 0.99<br />
8 Vandana Vinayak <strong>Kulkarni</strong> 1,19,425 0.12<br />
9 Radha RaIndas <strong>Kulkarni</strong> 2,500 0.00<br />
10 Samidh:# :<strong>Ajit</strong> <strong>Kulkarni</strong> 2,500 0.00<br />
11 Anaxid A K.u]krirni<br />
6,250 0.01<br />
12 Manohar Dattatraya <strong>Kulkarni</strong> 4,700 0.00<br />
13 Sanjay Viiiayak <strong>Kulkarni</strong> 3,500 0.00<br />
Pratibha Industries<br />
Employees Stock 2,37,000<br />
14 Option ·7'rust 0.23<br />
4,61,92,004 45.71