| Opening of Offer to Buy – Acquisition Window (Buyback) for Redington (India) Limited |
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 Redington (India) Limited (“The Company”) has announced cash Offer of Buyback of up to 11,120,000 fully paid-up equity shares of face value of Rs. 2/- each, representing approximately 2.78% of the total number of equity shares in the issued, subscribed and paid-up equity share capital of the Company, from the existing shareholders/ beneficial owners of equity shares of the Company as on the record date i.e., September 28, 2018, on a proportionate basis, through the “Tender Offer” route at a price of Rs. 125/- (Rupees One Hundred and Twenty Five Only) per equity share for an aggregate amount not exceeding Rs. 13,900,00,000 (Rupees Thirteen Thousand Nine Hundred Lakhs Only) from November 6, 2018 to November 22, 2018.
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.
Amrin Memon
Deputy Manager
November 01, 2018 |