| Opening of Offer to Buy – Acquisition Window (Buyback) for Vinati Organics 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 Vinati Organics Limited (the “Company”), has announced Cash Offer to buyback not exceeding 2,00,000 (Two Lakh) fully paid-up equity shares of face value Rs 2/- each, representing 0.39% of the total number of equity shares in the issued, subscribed and paid-up equity share capital of the company, from all the existing shareholders / beneficial owners of equity shares of the company as on the Record Date i.e. September 1, 2017, on a proportionate basis, through the “Tender Offer” route at a price of Rs 1,200 (Rupees One Thousand Two Hundred Only) per equity share for an aggregate amount of Rs 24,00,00,000 (Rupees Twenty Four Crore Only), from October 06, 2017 to October 23, 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
September 29, 2017
|