VOLUNTARY OPEN OFFER (“OPEN OFFER”/ “OFFER”) BY VEDANTA RESOURCES LIMITED (“Acquirer”) Registered Office: 8th Floor, 20 Farringdon Street, London, EC4A 4AB Tel. No.: +442074995900; Fax No.: +442074918440 ALONG WITH TWIN STAR HOLDINGS LIMITED (“PAC 1”)...
Exhibit (a)(1)(C)
VOLUNTARY OPEN OFFER (“OPEN OFFER”/ “OFFER”) BY
VEDANTA RESOURCES LIMITED (“Acquirer”)
Registered Office: 8th Floor, 00 Xxxxxxxxxx Xxxxxx, Xxxxxx, XX0X 0XX
Tel. No.: x000000000000; Fax No.: x000000000000
ALONG WITH
TWIN STAR HOLDINGS LIMITED (“PAC 1”)
Registered Office: C/o IQ EQ Corporate Services (Mauritius) Limited 00 Xxxxx Xxxxxx Xxxxxx,
Port Louis 11324, Mauritius;
Tel. No.: x0000000000; Fax No.: x0000000000
VEDANTA HOLDINGS MAURITIUS LIMITED (“PAC 2”)
Registered Office: C/o Amicorp (Mauritius) Limited, 6th Floor, Tower 1, Nexteracom Building,
Ebene, Mauritius;
Tel. No.: x0000000000; Fax No.: x0000000000
AND
VEDANTA HOLDINGS MAURITIUS II LIMITED (“PAC 3”)
Registered Office: C/o Amicorp (Mauritius) Limited, 6th Floor, Tower 1, Nexteracom Building,
Ebene, Mauritius;
Tel. No.: x0000000000; Fax No.: x000000000
(PAC 1, PAC 2 and PAC 3 are collectively referred to as “PACs”)
TO ACQUIRE UP TO 651,000,000 (SIX HUNDRED FIFTY ONE MILLION) EQUITY SHARES, REPRESENTING 17.51% OF THE VOTING SHARE CAPITAL, AT A PRICE OF INR 235 (INDIAN RUPEES TWO HUNDRED THIRTY FIVE ONLY) PER EQUITY SHARE PAYABLE IN CASH, PURSUANT TO AND IN ACCORDANCE WITH THE SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011, AS AMENDED (“SEBI (SAST) REGULATIONS”) FROM THE PUBLIC SHAREHOLDERS OF
VEDANTA LIMITED (“Target Company”)
Registered Office: 1st Floor, ‘C’ Wing, Xxxx 000, Xxxxxxxxx Xxxxxx, Xxxx Xxxxxxxx, Xxxxxxx,
Andheri (East), Mumbai – 400 093;
Tel. No.: x00 00 0000 0000; Fax: x00 00 0000 0000
The Acquirer, together with the PACs, had made a public announcement (“PA”) dated January 9, 2021, issued a corrigendum to the PA on January 14, 2021, published the detailed public statement on January 15, 2021 (“DPS”), filed the draft letter of offer dated January 19, 2021 with the Securities and Exchange Board of India (“DLOF”), published the corrigendum to DPS and DLOF on February 18, 2021 and published the announcement cum corrigendum to PA, DPS and DLOF on March 17, 2021. Such documents were duly intimated and/ or filed with BSE Limited (“BSE”), National Stock Exchange of India Limited, Securities and Exchange Board of India and the Target Company in accordance with SEBI (SAST) Regulations.
The letter of offer (“Letter of Offer”/ “LOF”), as provided in the link below in this email, is being sent to you as a Public Shareholder as on the identified date i.e., Monday, March 8, 2021. If you require any clarifications about the action to be taken, you may consult your stock broker or investment consultant or X.X Xxxxxx India Private Limited (“Manager to the Offer”) or KFin Technologies Private Limited (“Registrar to the Offer”) at the address set forth below.
Public Shareholders are required to tender their Equity Shares through their respective Selling Broker. U.S. holders may tender their Equity Shares in accordance with the instructions and terms set forth in the Letter of Offer. U.S. holders that hold ADSs may convert their ADSs into Equity Shares (pursuant to the instructions set forth in the Letter of Offer and subject to the terms of the deposit agreement governing the ADS facility) and then tender such Equity Shares in accordance with the instructions and terms set forth in the Letter of Offer
The holders of Equity Shares are not entitled to withdrawal rights in connection with the Offer.
You are requested to download the LOF by clicking on the following link:
| Letter of Offer |
| Click Here |
Further, please refer below for the Form of Acceptance and Share Transfer Form by clicking on the following link:
| Form of Acceptance |
Share Transfer Form | |
| Click Here |
Click Here |
If you wish to obtain a physical copy of the aforesaid documents, you may send a request to the Registrar to the Offer at Xxx.xxxxxxxxxxxxxxxxxx@xxxxxxxx.xxx.
The Schedule of the Offer is as given below:
| Date of Opening of the Offer | Tuesday, March 23, 2021 | |
| Date of Closing of the Offer | Wednesday, April 7, 2021 | |
| Last date of communicating the rejection/ acceptance and completion of payment of consideration or refund of Equity Shares | Monday, April 26, 2021 |
Notes:
| (1) | The identified date is only for the purpose of determining the names of the Public Shareholders as on such date to whom the LOF would be sent. It is clarified that all Public Shareholders holding Equity Shares are eligible to participate in the Open Offer at any time before the closure of the tendering period. |
| (2) | ADS holders are advised to consult Citibank, N.A. prior to converting their ADSs into Equity Shares to understand the process and documents required for the purpose of conversion of ADSs into Equity Shares. The Form of Acceptance and Share Transfer Form included herewith should not be used by ADS holders. |
| (3) | BSE has been appointed as the designated stock exchange of this Open Offer and it will provide the ‘Acquisition Window Facility’ or ‘OTB’ to facilitate the placing of sell orders by the Public Shareholders who wish to tender their Equity Shares in the Open Offer. |
| (4) | Public Shareholders holding shares in dematerialised form are not required to fill the Form of Acceptance unless required by their respective Selling Broker(s). The Public Shareholders holding Equity Shares in physical form are required to send this Form of Acceptance along with the enclosures to the Registrar to the Offer, at its office address provided in the Letter of Offer. |
If you wish to tender your Equity Shares in the Open Offer, you should read the LOF and the instructions therein carefully.
All capitalized terms not defined herein shall have the same meaning ascribed to them in the LOF.
| Manager to the Offer | Registrar to the Offer | |
|
| |
| X.X. Xxxxxx India Private Limited | KFin Technologies Private Limited (formerly known as Karvy Fintech Private Limited) | |
| X.X. Xxxxxx Tower, Off. C. S. T. Road, | Selenium Building, Tower- B, Plot No 31 & 32, | |
| Xxxxxx, Xxxxxxxxx (East), Mumbai – 400 098. | Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad, Rangareddi – 500032, Telangana | |
| Tel..: x00 00 0000 0000 | Tel: x00 00 0000 0000 /0-000-00-00000 | |
| Fax : x00 00 0000 0000 | Fax: x00 00 0000 0000 | |
| Email: xxxxxxx_xxxxxxxxx@xxxxxxxx.xxx | Email: xxx.xxxxxxxxxxxxxxxxxx@xxxxxxxx.xxx | |
| Contact person: Xx. Xxxxxxx Xxxx | Contact Person: Mr. Xxxxxx Xxxxxxx | |
| SEBI registration no.: INM000002970 | SEBI registration no.: INR000000221 | |
| Validity period: Permanent | Validity period: Permanent | |
For and on behalf of the Board of Directors of the Acquirers and PACs
Vedanta Resources Limited
Twin Star Holdings Limited
Vedanta Holdings Mauritius Limited
Vedanta Holdings Mauritius II Limited
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