Trading Members are hereby informed that Motilal Oswal Financial Services Limited (Scrip code: 532892) has announced buyback of its fully paid-up equity shares of face value of Re. 1/- each from the Open Market through electronic trading mechanism of the Exchange. The Maximum Buyback Price would not exceed Rs. 650/- (Rupees Six Hundred & Fifty only) per equity share payable in cash for an aggregate amount not exceeding INR 150,00,00,000/- (Indian Rupees One Hundred Fifty crores only).
Proposed timetable for buyback:
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Date of Opening of the Buyback on BOLT
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April 01, 2020
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Last Date for the Buyback
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Earlier of:
a. Wednesday, September 30, 2020 (i.e., 6 (six) 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 (including a committee thereof, constituted by the Board or persons nominated by the Board/committee to exercise its powers, and/or the powers conferred by the Board resolution in relation to the Buyback), 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.
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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:
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Name of the Member
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Clearing No
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Centrum Broking Limited
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798
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Details of 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:
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Scrip Code No.
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532892
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Market Lot
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1 Share
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Scrip ID on BOLT System
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MOTILALOFS*
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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.
Institutional Investors are allowed to participate in the buyback.
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:
· Merchant Banker to the Buyback:
Centrum Capital Limited
Centrum House, CST Road, Vidyanagari Marg,
Kalina, Santacruz (East), Mumbai-400098
Tel.: +91 022 4215 9000
Fax: +91 022 4215 9444
Contact Person: Gunjan Chauhan/ Bhavin Ranawat
Email: mosl.buyback@centrum.co.in
· At the Company:
Mr. Kailash Purohit
Company Secretary & Compliance Officer
Motilal Oswal Tower, Rahimtullah Sayani Road,
Opp. Parel ST Depot Prabhadevi, Mumbai-400025
Tel No.: +91- 022 7193 4200
Fax No.: +91- 022 50362365
Email: corpsec@motilaloswal.com
· 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- 8376 (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
Senior Manager
March 31, 2020
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