| Opening of Offer to Buy – Acquisition Window (Buyback) for Vardhman Textiles 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. The Exchange vide its notice no. 20150930-1 dated September 30, 2015, 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 Vardhman Textiles Limited (“Company”), has announced cash offer to buyback up to 62,60,869 fully paid-up equity shares of face value Rs. 10/- each, representing 9.84% of the total number of equity shares in the issued, subscribed and paid-up equity share capital of the company, from all the existing shareholders / beneficial owners of equity shares of the company as on the record date i.e. December 9, 2016, on a proportionate basis, through the “tender offer” route at a price of Rs. 1,150/- (Rupees One Thousand One Hundred Fifty Only) per equity share for an aggregate amount of Rs. 719,99,99,350/- (Rupees Seven Hundred Nineteen Crores Ninety Nine Lacs Ninety Nine Thousand Three Hundred Fifty Only) from 4th January, 2017 to 17th January, 2017.
Market participants are further requested to note that the details of this Offer to Buy would be available on BSE Website – www.bseindia.com.
Bhushan Mokashi
Dy. General Manager
Listing Sales & Ops
December 29, 2016
|