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 02, 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 Dhanuka Agritech Limited (the “Company”), has announced Cash offer to Buyback up to 9,41,176 fully paid-up equity shares of face value Rs 2/- each (“Equity Shares”), representing 1.88% of the total issued and paid-up capital of the Company, at a price of Rs. 850/- (Rupees Eight Hundred Fifty Only) per fully paid Equity Share aggregating to Rs. 80,00,00,000 (Rupees Eighty Crores Only),representing 16.68%of the aggregate of the fully paid-up share capital and free reserves as per the audited accounts of the company for the financial year ended ended 31st March,2016, on a proportionate basis through the tender offer process from the shareholders as on record date i.e. January 13,2017 from March 01, 2017 to March 15, 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 02, 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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