| Opening of Offer to Buy – Acquisition Window (Buyback) for Balrampur Chini Mills 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. 20170202-34 dated Feb 02, 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 Balrampur Chini Mills Limited (the “Company”), has announced Cash offer to Buyback upto 1,00,00,000 (One Crore) fully paid-up equity shares of face value Re 1/- each (“Equity Shares”), representing 4.08% of the total number of Equity Shares in the issued, subscribed and paid-up Equity Share capital of the Company, from all the Equity Shareholders as on the Record Date, i.e. January 13, 2017 on a proportionate basis, through the “Tender Offer” route, at a price of Rs. 175/- (Rupees One Hundred Seventy Five Only) per Equity Share for an aggregate amount of Rs. 175,00,00,000 (Rupees One Hundred and Seventy Five Crores Only) from February 07, 2017 to February 20, 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. 20170202-34 dated Feb 02, 2017 and the details of this Offer to Buy would be available on BSE Website – www.bseindia.com.
Bhushan Mokashi
Dy. General Manager
Listing Sales & Ops
February 03, 2017
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