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 India Gelatine & Chemicals Ltd (the “Company”), has announced Cash Offer for Buy-back of up to 23,07,700 (Twenty Three Lakh Seven Thousand and Seven Hundred) fully paid-up Equity Shares of the Company of face value of Rs 10/-each (“Equity Share(s)”) from all the fully paid-up Equity Shareholders/ beneficial owners of the Equity Shares of the Company as on the Record Date i.e. Friday, June 02, 2017(“Record Date”), on a proportionate basis, through the Tender Offer Route using stock exchange mechanism (“Tender Offer”), at a price of Rs 117/- (Rupees One Hundred and Seventeen Only) per Equity Share (“Buy-back Price”) for an aggregate amount not exceeding Rs 27,00,00,900/- (Rupees Twenty Seven Crores and Nine Hundred Only) (hereinafter referred to as “Buy-back Size”) (the process being referred hereinafter as “Buy-back”), from June 23, 2017 to July 7, 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 20, 2017
|