| Opening of Offer to Buy – Acquisition Window (Buyback) for TTK Prestige 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 TTK Prestige Limited (“Company”), has announced a Cash offer to buyback up to 1,00,000 (One Lakh) fully paid-up equity shares of the Company of face value Rs 10/- (Rupees Ten Only) each (“Equity Shares”), representing up to 0.86% of the total number of Equity Shares of the Company, from all the equity shareholders/beneficial owners of the Company who holds Equity Shares as on the record date i.e. Friday, June 16, 2017 (“Record Date”), on a proportionate basis, through the tender offer using stock exchange mechanism (“Tender Offer”), at a price of Rs 7,000/- (Rupees Seven Thousand Only) per Equity Share (“Buyback Price”) for an aggregate maximum amount of up to Rs 70,00,00,000/- (Rupees Seventy Crore Only) (“Buyback Size”) from July 13, 2017 to July 26, 2017.
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
July 07, 2017 |