Rhodia Specialty Chemicals: Intimation of indicative price

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26 Aug, 2025 12:21

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With reference to the earlier letter dated November 09, 2013 intimating the approval of the Board of Directors of the Company to the delisting proposal (“Delisting Proposal”) and letter dated November 14, 2013 intimating the floor price in relation to the Delisting Proposal, received from Solvay SA, a member of the promoter and promoter group (as defined under applicable laws of India) of the Company ("Acquirer’), Rhodia Specialty Chemicals India Ltd has now informed BSE that the Company has received a communication from the Acquirer, pursuant to letter dated February 19, 2014 informing that, after considering the prevailing market conditions, the indicative price at which the Acquirer may be willing to accept the Equity Shares tendered in the delisting offer is Rs. 675/- per Equity Share ("Indicative Offer Price”). However, this Indicative Offer Price should in no way be construed as:i. a ceiling or maximum price for the purposes of the reverse book building process and the public shareholders are free to tender their Equity Shares at any price irrespective of the Indicative Offer Price, in accordance with the Delisting Regulations; orii. a commitment by Acquirer to accept the Equity Shares tendered in the delisting offer, if the discovered price (price at which maximum Equity Shares have been tendered in the reverse book building process) is less than the Indicative Offer Price; oriii. an obligation on the Acquirer to pay the Indicative Offer Price in the event the discovered price is lower than the Indicative Offer Price; oriv. any restriction on the ability of Acquirer to acquire Equity Shares at a price higher or lower than the Indicative Offer Price.Source : BSE

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