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NOTICES
Notice No.   20170518-13   Notice Date   18 May 2017
Category   Trading   Segment   Equity
Subject   Opening of Offer to Buy – Acquisition Window (Buyback) for SKF India Limited
 
Content

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 SKF India Limited (the “Company”), has announced Offer to Buyback of not exceeding 26,00,000 (Twenty Six Lakh Only) fully paid-up equity shares of the Company of the face value of Rs 10/- each (“Equity Shares”), representing 4.93% of the issued, subscribed and paid-up Equity Shares of the Company, from all Eligible Shareholders (Equity Shareholders as on the Record Date, being April 7, 2017, Friday) on a proportionate basis, through the ‘Tender Offer’ process, at a price of Rs 1,500 (Rupees One Thousand And Five Hundred Only) per Equity Share payable in cash, for an aggregate maximum amount of Rs 3,90,00,00,000 (Rupees Three Hundred And Ninety Crores Only), from May 23, 2017 to June 05, 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

May 18, 2017