| Opening of Offer to Buy – Acquisition Window (Buyback) for Danlaw Technologies India 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 Danlaw Technologies India Limited (the “Company”), has announced Cash offer to Buyback up to 7,44,060 (Seven Lakhs, Forty Four Thousand And Sixty Only) fully paid-up equity shares of face value Rs 10/- each (“Equity Shares”), representing 20% of the total number of Equity Shares in the issued, subscribed and paid-up Equity Share capital of the Company as at March 31, 2017, from all the Public Equity Shareholders as on the Record Date, i.e., November 27 2017 on a proportionate basis, through the “Tender Offer” route, at a price of Rs 65/- (Rupees Sixty Five Only) per Equity Share for an aggregate amount of Rs 4,83,63,900 (Rupees Four Crores, Eighty Three Lakhs, Sixty Three Thousand, Nine Hundred Only) (the “Buyback Size”), from December 13, 2017 to December 27, 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.
Mangesh Tayde
Sr. Manager
Listing Ops
December 08, 2017
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