Offer to Buy by PARNAMI CREDITS LTD

Parnami Credits Ltd is planning to launch Offer to Buy (OTB). Offer to Buy (OTB) by Parnami Credits Ltd is of 18,06,900 no. of shares. Issue Types of Offer to Buy (OTB) by Parnami Credits Ltd is of Takeover. The offer price of Offer to Buy (OTB) by Parnami Credits Ltd is Rs 11.75. Offer to Buy (OTB) by Parnami Credits Ltd will open 3 July, 2018.

Offer to Buy by PARNAMI CREDITS LTD updates:

1. Company Profile:

• Parnami Credits Ltd was originally incorporated as Private Company on July, 28, 1993 under the Companies Act, within the jurisdiction of Registrar of Companies, Delhi & Haryana.
• Parnami Credits Ltd was subsequently converted into a public limited company and name was changed to “Parnami Credits Limited” vide fresh certificate of incorporation dated 16th May 1995 issued by the Registrar of Companies, Delhi & Haryana.
• Parnami Credits Ltd then came up with public offer of 27, 50, 000 shares of Rs 10/- each at par for cash vide prospectus issued for this purpose by the Company dated July 15, 1996. The Registered office of the company has been shifted to Mumbai in 2017.
• Parnami Credits Ltd was original Registered as Category ‘A’ NBFC, which subsequently got converted and obtained Certificate of Registration as Category ‘B’ Non-Banking Financial Institution from the Reserve of India, wherein the Company was permitted to carry on the Company was permitted to carry on the business of Non-Banking Financial Institution without accepting deposits from general public.
• Parnami Credits Ltd is a Public Limited Company registered under the provision of Companies Act, 2013, listed on Bombay Stock Exchange, Mumbai and also a Non-Banking Financial Company registered with Reserve bank of India.

2. PARNAMI CREDITS LTD Working:

The company is into providing wide range of services. They listed below.

• To finance the hire purchase of buses, lotteries trucks, cars and other passenger or goods carriers whether public or private, machinery, building, tractor equipment, machinery and other article or things to any person whether it be a body corporate or not.
• Financing on the selling or purchasing in any part of India or Abroad all kinds of machinery, plant tools, jigs and fixtures, agricultural machinery, vessels automobiles and vehicles of every kind and description, computers, office equipments of every kind construction machinery of all types of description, air-conditioning plants and electronic equipment of all kinds and description.
• Providing the services of business of financiers, against security or otherwise.
• Providing consultancy and advisory services to clients in the field of financing.
• Providing services of lending money or any term that may be thought fit and particularly to customers or other person or corporation having dealing with the company. However, the company does not carry on the business of banking as defined under the Banking Regulation Act, 1919 or any amendment thereto.

3. Issue details of Offer to Buy by PARNAMI CREDITS LTD:

   All Prices in

   PARNAMI CREDITS LTD scripname PARNAMI CREDITS LTD Security Type Equity Symbol PARNAMI Issue Type Takeover Issue Period 03 Jul 2018 to 16 Jul 2018 Tick Price 0.01 Market Lot 1 Book Size – No. of Shares 18,06,900 Minimum Offer Quantity 1 Maximum Offer Quantity 18,06,900 Face Value 10.00 Floor Price/Offer Price 11.75 Cummulative Bid Quantity – Name of Acquirer(s)/Company Ms Rachana Singi Buyer Member Hem Securities Ltd Book Running Lead Manager HEM SECURITIES LIMITED Registrar MAS SERVICES LIMITED Public Announcements 1) Corrigendum to DPS 2) Letter of Offer 3) Detailed Public Statement 4) Public Announcement   Exchange Notices 1) Opening of Offer to Buy – Acquisition Window (Takeover) for Parnami Credits Limited 2) Offer to Buy – Acquisition Window (Takeover) for PARNAMI CREDITS LTD – Live Activities Schedule