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This is in continuation of the Exchange Notice No 20170808-11 dated August 08, 2017 regarding the Bonus Issue of equity shares of ADCC Infocad Limited (Scrip Code: 538734) and SEBI circular no. CIR/MRD/DSA/06/2012 dated February 21, 2012 regarding the standardized lot size of securities of SME companies for the secondary market trading on SME Exchange/ Platform.
The open offer to the shareholders of ADCC Infocad from its promoters opens on Tuesday. The offer is made to consolidate promoters’ holding in the company for effective management control. The promoter group, which currently owns 44.71 lakh shares (or 49.14 per cent) of the total paid-up equity share capital, plans to acquire 23.658 lakh shares (or 26 per cent) at ₹55 a share. The open offer ends on September 9.
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Promoters of ADCC Infocad will make an open offer to buy 23.65 lakh shares (representing 26 per cent stake of the paid-up capital) from its public shareholders at ₹55 a share, payable in cash. Currently, promoters hold 45.38 per cent stake in the BSE-SME listed firm. The offer is aimed at consolidating promoters’ holding in ADCC Infocad. Seventeen HNIs own 17.97 per cent stake, while 152 individuals hold 4.