Notice No.   20180618-3   Notice Date   18 Jun 2018
Category   Company related   Segment   Equity
Subject   Buyback of the shares of McLeod Russel India Limited (Scrip code: 532654)

1.       Trading Members are hereby informed that McLeod Russel India Limited (Scrip code: 532654) has announced buyback of its fully paid-up equity shares of face value of Rs. 5/- each from the Open Market through electronic trading mechanism of the Exchange. The Maximum Buyback Price would not exceed Rs. 210/- (Rupees Two Hundred and Ten Only) per equity share payable in cash for an aggregate amount not exceeding Rs. 100 Crores.


2.       Proposed time table for buyback:


Date of Opening of the Buyback on BOLT

June 19, 2018

Last datkij 8ue for the Buyback

Earlier of:

(a) December 18, 2018 (that is 6 months from the date of the opening of the buyback); or

(b) when the Company completes the Buyback

by deploying the amount equivalent to the Maximum Buyback Size; or

(c) at such earlier date as may be determined by the Board and the Buyback Committee after giving notice of such earlier closure, subject to the company having deployed an amount equivalent to the Minimum Buyback Size (even if the Maximum Buyback Size has not been reached or the Maximum Buyback Shares have not been bought back), however that all payment obligations relating to the Buyback shall be completed before the last date for the Buyback.


3.       Broker Members for buyback:


The company has appointed the following BSE Trading Members through whom the purchases and settlement on account of the buyback would be made:


Name of the Member                  

Clearing No

Ambit Capital Private Limited



Trading Members may note that Ambit Capital Private Limited would Buyback shares of the Company in demat and physical mode.

4.       Details of Buyback orders on BOLT.


a)      Shares held in DEMAT Form -


The Trading Members may note that the Equity Shares held in DEMAT form can be offered for Buyback to the Company in rolling settlement, as per details mentioned below:


Scrip Code No.                                                  : 532654

Market Lot                                                          : 1 Share

Scrip ID on BOLT System                               : MCLEODRUSS*


b)      Shares held in Physical Form –

The Trading Members may note that the Physical Equity Shares can be offered for Buyback to the Company in rolling settlement, as per details mentioned below:


Scrip Code No.                                                : 541485

Market Lot                                                        : 1 Share

Scrip ID on BOLT System                             : MCLEODBBPH

Abbreviated Name on BOLT System     : MCLEOD*        


The Trading Member buying the shares in physical mode under buyback will accept equity share certificates of any denomination in buyback in respect of physical shares, since the market lot of the physical scrip is "one". Trading Members are requested to note that delivery of physical shares will be accepted under scrip code 541485 only.


5.       Orders entered by Designated Buyback Member & Client Code is available in the Odd Lot order entry screen (Ctrl+F7) under ‘Grab’ tab -> Buy Odd Lot Bids. For trading in Physical Scrip code: 541485, the member is required to use Odd Lot order entry screen (Ctrl+F7) on Bolt TWS.


6.       Circuit Filters, Margins, Capital Adequacy Norms, Auction, Close out, Bad Delivery, Arbitration, etc. are applicable in case of buyback as in the case of the normal trading.


7.        Institutional Investors are allowed to participate in the buyback.


8.       The documents are available in Department of Corporate Services for inspection. In case of any queries /clarifications on the scheme of buyback, Trading Members may please contact the under mentioned persons:

·         Manager to the Buyback:

Contact person: Ms. Aanchal Agarwal

Ambit capital Private Limited

Ambit House

449, Senapati Bapat Marg,

Lower Parel, Mumbai -400 013.

Tel.: 022-30433000 Fax: 022- 30433100



                SEBI Registration No.: INM000012379


·         At the Company :

                Contact Person: Mr. Amitabha Guha Sarkar (Compliance Officer)

                Senior Vice President and Company Secretary

                McLeod Russel India Limited    

               Four Mongue Lane

               Surendra Mohan Ghosh Sarani

               Kolkata - 700001

               Tel.: +033 2243 5391, 2248 9434, 2248 9435

Fax: +033 2248 8114, 2248 3683




·         At the Exchange:

Clearing & Settlement Department -

Mr. Nilesh Shah/Ajay Darji - Extn: 022-2272-8704/8468 (For Clearing & Settlement)


Trading Department -

Trading Operations - Extn: 022-2272- 8436 (For Trading Related)


Help desk - Extn: 61363100 (Hunting) (For BOLT System)


Listing Operations Department –

Mr. Raghavendra Bhat - Extn: 022-2272-8915 (For General Queries)






Rupal Khandelwal



June 18, 2018