| Opening of Offer to Buy – Acquisition Window (Buyback) for Amforge Industries 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 Amforge Industries Limited (“Company”), has announced offer to buyback of not exceeding 34,80,000 (Thirty Four Lakhs Eighty Thousand) fully paid-up equity shares of the company of the face value of Rs. 2/- (Rupees Two Only) each (“Equity Shares”), representing 23.49% of the Issued, Subscribed And Paid-Up Equity Shares of the Company, from all eligible shareholders (Equity Shareholders As On The Record Date, Being Wednesday, July 26, 2017) on a proportionate basis, by way of a ‘Tender Offer’ process through a stock exchange mechanism, at a price of Rs. 6/- (Rupees Six Only) per equity share payable in cash, for an aggregate maximum amount of Rs. 2,08,80,000/- (Rupees Two Crore Eight Lakhs Eighty Thousand Only) excluding the transaction costs.), from August 18, 2017 to September 01, 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
August 11, 2017
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