8th June, 2022
To,
Listing Department, | Listing Department, |
The National Stock Exchange of India Ltd., | Bombay Stock Exchange Ltd., |
"Exchange Plaza", | Phiroz Jeejeebhoy Towers, |
Bandra Kurla Complex, Bandra (East), | Dalal Street |
Mumbai - 400051 | Mumbai-400 001 |
Scrip Symbol: TCIDEVELOP | Scrip Code: 533393 |
Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Dear Sir/Madam,
The Company is in receipt of the initial public announcement dated 8th June, 2022 made by Saffron Capital Advisors Private Limited, Manager to the Offer, on behalf of TDL Real Estate Holdings Limited, representing the Promoter Group of TCI Developers Limited ("Company") in accordance with Regulation 8 of the SEBI (Delisting of Equity Shares) Regulations 2021, as amended, interalia expressing the intention to voluntary delist the equity shares of the Company ("Initial Public Announcement" or "IPA").
A copy of the IPA is enclosed for your reference and records.
Thanking you
Saffron Capital Advisors Private Limited
605, Sixth Floor, Centre Point, Andheri Kurla Road J.B. Nagar, Andheri (East), Mumbai ‐ 400059 Tel.: +91‐22‐4973 0394 | Fax: NA
Email: info@saffronadvisor.com
Website: www.saffronadvisor.com
CIN No.: U67120MH2007PTC166711
June 8, 2022
To,
The Board of Directors
TCI Developers Limited
306-307,1-8-271 to 273 & 301, 3rd Floor, Ashok Bhoopal Chambers, S. P. Raod, Secunderabad, Telangana, 500003
Dear Sir/Madam,
Sub: Submission of Initial Public Announcement for delisting offer of TCI Developers Limited ("Company")
TDL Real Estate Holdings Limited, one of the promoter group members of the Company ("Promoter Acquirer"), has expressed its intention to: (a) acquire all the Equity shares that are held by public Shareholders, either individually or together with other members of the Promoter Group, as the case may be; and (b) consequently voluntarily delist the Equity Shares from the stock exchanges where the Equity Shares are presently listed namely, BSE Limited and National Stock Exchange of India Limited, by making a delisting offer in accordance with the Delisting Regulations ("Delisting Proposal").
With regards to the Delisting Proposal, Saffron Capital Advisors Private Limited is acting as the "Manager to the Offer" pursuant to and in accordance with Regulation 9 of the Delisting Regulations.
As required under Regulation 8(1) of the Delisting Regulations, we are enclosing herewith the copy of the initial public announcement dated June 8, 2022 in relation to the Delisting Proposal ("Initial Public Announcement" or "IPA").
We request you to kindly disseminate the IPA on your website at the earliest.
Capitalized terms used in this letter unless defined herein shall have the same meanings as ascribed to them in the enclosed Initial Public Announcement.
Contact Person | Telephone | |
Amit Wagle / Gaurav Khandelwal | +91 22 4973 0394 | delistings@saffronadvisor.com |
Thanking you,
Yours sincerely,
For and on behalf of Saffron Capital Advisors Private Limited
Authorized Signatory
Name: Gaurav Khandelwal
Registered Office: H‐130, Bhoomi Green, Raheja Estate, Kulupwadi, Borivali (East), Mumbai‐400 066/ SEBI Registration No: INM000011211
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
TCI Developers Ltd. published this content on 08 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 June 2022 11:21:09 UTC.