| Opening of Offer to Buy – Acquisition Window (Buyback) for Tongani Tea Company 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 Cash Offer to buyback upto 60,000 (Sixty Thousand) fully paid up equity shares of face value of Rs. 10/- each representing 24.41% of the total number of equity shares in the paid up equity share capital of the Company from all the existing shareholders/beneficial owners of the Company as on the record date i.e. December 08, 2017 on a proportionate basis through the tender offer route at a price of Rs. 500/- (Rupees Five Hundred Only) per equity share for an aggregate amount of Rs. 3,00,00,000/- (Rupees Three Crores Only)from January 08, 2018 to January 19, 2018.
The Company is listed on The Calcutta Stock Exchange Limited
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
Additional General Manager
Listing Sales & Ops
January 08, 2018
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