Trading Members and Custodians are requested to note that Securities Exchange Board of India (SEBI) has issued Mechanism for acquisition of shares through Stock Exchange pursuant to Tender-Offers under Takeovers, Buy Back and vide its circular no. CIR/CFD/POLICYCELL/1/2015 dated April 13, 2015 and no. CFD/DCR2/CIR/P/2016/131 dated Dec 09, 2016. The Exchange vide its notice no. 20170210-16 dated Feb 10, 2017, has issued Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange pursuant to Tender-Offers under Takeovers, Buy Back and Delisting.
All Market Participants are hereby informed that Gujarat Ambuja Exports Limited (the “Company”), has announced Cash offer for Buyback of not exceeding 2,36,84,210 (Two Crores Thirty Six Lacs Eighty Four Thousand Two Hundred and Ten) fully paid-up equity shares of face value Rs. 2/- each, representing 17.12% of the total number of Equity Shares in the issued, subscribed and paid-up Equity Share Capital of the Company as on March 31, 2016, from all the eligible shareholders of the Company as on the Record Date i.e. Friday, February 10, 2017 on a proportionate basis, through the “Tender Offer” process for cash at a price of Rs.95/- (Rupees Ninety Five Only) per Equity Share for an aggregate consideration not exceeding Rs.225,00,00,000 (Rupees Two Hundred And Twenty Five Crores Only) from March 02, 2017 to March 16, 2017.
Market participants are further requested to note that this offer will be as per the Revised Guidelines of SEBI circular no. CFD/DCR2/CIR/P/2016/131 dated Dec 09, 2016 and Exchange notice no. 20170210-16 dated Feb 10, 2017 and the details of this Offer to Buy would be available on BSE Website – www.bseindia.com.
Bhushan Mokashi
Dy. General Manager
Listing Sales & Ops
February 27, 2017
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