Opening of Offer to Buy – Acquisition Window (Buyback) for Just Dial 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 Just Dial Limited (“Company”) has announced cash offer to buy-back of up to 10,61,499 fully paid-up equity shares of face value of Rs. 10 each (“Equity Shares”), constituting up to 1.50% of the issued, subscribed and paid-up equity share capital of the company as on March 31, 2015. The buy-back will be undertaken on a proportionate basis, from the eligible shareholders holding equity shares as on December 4, 2015 (the “Record Date”), by way of a tender offer through the stock exchange mechanism, for cash at a price of Rs. 1,550 per equity share for an aggregate amount of up to Rs. 1,64,53,23,450 (“Buy-back”) from 25th February, 2016 to 10th March, 2016.
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
February 19, 2016 |