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 HCL Technologies Limited (the “Company”), has announced Cash offer to buyback up to 3,50,00,000 (Three Crores Fifty Lakhs) fully paid up equity shares of face value of Rs 2/- each (the “Equity Shares”), representing 2.48% and 2.45% of the total number of equity shares in the issued, subscribed and paid up equity share capital of the Company as at March 31, 2016 (the last audited Financial Statements available as on the date of the Board Meeting approving the Buyback) and March 31, 2017 respectively, from all the Equity Shareholders as on the Record Date, i.e. May 25, 2017 on a proportionate basis, through the “Tender Offer” route, at a price of Rs 1,000/- (Rupees One Thousand Only) per Equity Share for an aggregate amount of Rs 3,500 crores (Rupees Three Thousand Five Hundred Crores Only) (the “Buyback Size”), from June 12, 2017 to June 23, 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
June 06, 2017 |