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| NOTICES |
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| Notice No. |
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20190118-2 |
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Notice Date |
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18 Jan 2019 |
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| Category |
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Trading |
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Segment |
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Equity |
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| Subject |
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Opening of Offer to Buy – Acquisition Window (Buyback) for KG Denim Limited |
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| Content |
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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 KG Denim Limited (“The Company”) has announced Buyback of up to 21,96,500 (Twenty One Lakhs Ninety Six Thousand Five Hundred Only) fully paid-up equity shares of the Company of face value of Rs. 10 each (Rupees Ten Only) (“Equity Shares”), at a price of Rs. 40/- (Rupees Forty Only) per fully paid up equity share on a proportionate basis through the tender offer route from January 22, 2019 to February 04, 2019.
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
January 18, 2019 |
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