1. Trading Members are hereby informed that The Ramco Cements Limited (Scrip code: 500260) has announced buyback of its fully paid-up equity shares of face value of Re. 1/- each from the Open Market through electronic trading mechanism of the Exchange. The Maximum Buyback Price would not exceed Rs. 720/- (Rupees Seven hundred twenty only) per equity share payable in cash for an aggregate amount not exceeding Rs. 180 Crores.
2. Proposed time table for buyback:
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Date of Opening of the Buyback on BOLT
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February 20, 2017
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Last date for the Buyback
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Earlier of:
(a) August 18, 2017 (that is 6 months from the date of the opening of the Buy Back); or
(b) when the Company completes the Buy Back of Maximum Buy Back Shares or by deploying the amount equivalent to the Maximum Buy Back Size; or
(c) at such earlier date as may be determined by the Board, subject to the Company having deployed an amount equivalent to the Minimum Buy Back Size, however, that all payment obligations relating to the Buy Back shall be completed before the last date for the Buy Back by giving appropriate notice of such earlier date.
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3. Broker Members for buyback:
The company has appointed the following BSE Trading Members through whom the purchases and settlement on account of the buyback would be made:
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Name of the Member
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Clearing No
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IDFC Securities Limited
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0623
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Dalal & Broacha Stock Broking Pvt. Limited
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162
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Trading Members may note that IDFC Securities Limited would Buyback shares of the Company only in demat mode and Dalal & Broacha Stock Broking Pvt. Limited would Buyback shares of the Company in demat and physical mode.
4. Details of Buyback orders on BOLT.
The Trading Members may note that the Physical Equity Shares can be offered for Buyback to the Company in rolling settlement, as per details mentioned below
Scrip Code No. : 540305
Market Lot : 1 Share
Scrip ID on BOLT System : RAMCOBBPH
Abbreviated Name on BOLT System : RAMCOCEM*
The Trading Member buying the shares in physical mode under buyback will accept equity share certificates of any denomination in buyback in respect of physical shares, since the market lot of the physical scrip is "one". Trading Members are requested to note that delivery of physical shares will be accepted under scrip code 540305 only.
5. Orders entered by Designated Buyback Member & Client Code is available in the Odd Lot order entry screen (Ctrl+F7) under ‘Grab’ tab -> Buy Odd Lot Bids. For trading in Physical Scrip code: 540305, the member is required to use Odd Lot order entry screen (Ctrl+F7) on Bolt TWS.
6. Circuit Filters, Margins, Capital Adequacy Norms, Auction, Close out, Bad Delivery, Arbitration, etc. are applicable in case of buyback as in the case of the normal trading.
7. Institutional Investors are allowed to participate in the buyback.
8. The documents are available in Department of Corporate Services for inspection. In case of any queries /clarifications on the scheme of buyback, Trading Members may please contact the under mentioned persons:
· Manager to the Buyback:
Contact Person: Akshay Bhandari / Mayuri Arya
IDFC Bank Limited
C-32, G Block, Naman Chambers,
Bandra Kurla Complex,
Bandra East, Mumbai 400051.
Tel.: +91 22 66222600
Fax: +91 22 66222501
Email: ramco.buyback@idfcbank.com
· At the Company :
Contact Person: Mr. K. Selvanayagam
The Ramco Cements Limited
“Auras Corporate Center”, 5th Floor,
No: 98-A, Dr. Radhakrishnan Salai,
Mylapore, Chennai-600004.
Tel.: 044-2847 8666
Fax: 044-2847 8676
Email: buyback@ramcocements.co.in
· At the Exchange:
Clearing & Settlement Department -
Mr. Nilesh Shah/Ajay Darji - Extn: 022-2272-8704/8468 (For Clearing & Settlement)
Help desk - Extn: 61363100 (Hunting) (For BOLT System)
Listing Operations Department –
Ms. Rupal Khandelwal - Extn: 022-2272-8262 (For General Queries)
Rupal Khandelwal
Manager
February 17, 2017 |