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 Netlink Solutions (India) Limited (“Company”) has announced Cash Offer to Buy-back up to 7,41,750 (Seven Lakhs Forty One Thousand Seven Hundred and Fifty Only) fully paid-up Equity Shares of face value Rs. 10/- (Rupees Ten Only) each (“Equity Shares”), representing 25% 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 record date, i.e. May 21, 2018, on a proportionate basis, through the “Tender Offer” route, at a price of Rs. 17/- (Rupees Seventeen Only) (“Buy-back Price”) per Equity Share for an aggregate amount of Rs. 1,26,09,750/- (Rupees One Crore Twenty Six Lakhs Nine Thousand Seven Hundred Fifty Only), from June 19, 2018 to July 02, 2018.
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
June 12, 2018 |