Rico Auto Industries : Disclosure under SEBI Takeover Regulations
May 25, 2022 at 10:20 pm IST
Share
Format for Disclosures under Regulation 10(6) - Report to Stock Exchanges in respect of any acquisition made in Rico Auto upon exemption provided for in Regulation 10 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations1 2011
1.
Name of the Target Company (TC)
Rico Auto Industries Limited
2.
Name of
the acquirer(s)
Arvind Kapur
3.
Name(s)
of the Stock Exchange(s) where
BSE/NSE
the shares of TC are listed
4.
Details
of the
transaction including
Transmission of 1423683 (1.05%) equity
rationale, if any, for the transfer/
shares on 12/05/2022 in my name after the
acquisition of shares
death of my wife Smt. Shalini Kapur
Relevant regulation under which the 10(1)(g) - Transmission acquirer is exempted from making open
offer
Whether disclosure of proposed N.A. acquisition was required to be made under regulation 10(5) and if so,
whether disclosure was made and whether it was made within the timeline specified under the regulations
date of filing with the stock exchange
7. Details of acquisition
Disclosures required
Whether the
to be made under
disclosures under
regulation 10(5)
regulation 10(5) are
actually made
a)
Name of the transferor/seller
N.A.
N.A.
b)
Date of acquisition
N.A.
N.A.
c)
Number of shares/voting rights in
N.A.
N.A.
respect of the acquisitions from each
person mentioned in 7(a) above
d) Total shares proposed to be
N.A.
N.A.
acquired/actually acquired as a % of
diluted share capital of TC
e) Price at which shares are proposed to
N.A.
N.A.
be acquired/actually acquired
8.
Shareholding details
Pre-Transaction
Post-Transaction
No. of shares
% w.r.t.
No. of
%
I
held
total
shares
w.r.t.
I
share
held
total
:
capital
share
of TC
capital
of TC
a. Each Acauirer/Transferee(*)
12685960
9.37
14109643
10.43
b. Each Seller/Transferor
1423683
1.05
Nil
Nil
Place : Gurugram
Date : 16/05/2022
(*) Shareholding of each entity shall be shown separately and then collectively in a group.
The above disclosure shall be signed by the acquirer mentioning date & place. In case, there is more than one acquirer, the report shall be signed either by all the persons or by a person duly authosied to do so on behalf of all the acquires.
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Rico Auto Industries Ltd. published this content on 25 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 May 2022 16:11:12 UTC.
Rico Auto Industries Limited is an India-based engineering company. The Company is supplying a wide range of high precision fully machined aluminum and ferrous components and assemblies to automotive original equipment manufacturers (OEMs) across the globe. The Companyâs integrated services include design, development, tooling, casting, machining and assembly of ferrous and aluminum products. The Companyâs products include oil pump assembly, lube oil filter heads, exhaust manifolds, turbine housings, center housings, backplates, oil pan, intake manifold covers, front cover, valve cover, side cover, balance shafts assembly, gear housing, steering knuckles, gear shifts forks, brake panel assembly, automatic transmission bracket assembly, main bearing caps, clutch assembly, turbine housings, cylinder head covers, flywheels, engine brackets and differential case housings. Its subsidiaries include Rico Auto Industries Inc., USA, and Rico Auto Industries (UK) Limited, U.K.