1. Trading Members are hereby informed that Delta Corp Limited (Scrip code: 532848) 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. 100/- (Rupees One Hundred only) per equity share payable in cash for an aggregate amount not exceeding INR 125,00,00,000/- (Indian Rupees One Hundred Twenty Five Crores only).
2. Proposed timetable for buyback:
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Date of Opening of the Buyback on BOLT
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April 08, 2020
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Last Date for the Buyback
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Earlier of:
October 07, 2020 (i.e., six (6) months from the date of the opening of the Buy Back);
or when the Company completes the Buy-Back by deploying the amount equivalent to the Maximum Buy-Back Size;
or at such earlier date as may be determined by the Board / or its duly authorized Buy-Back committee, after
giving notice of such earlier closure, subject to the Company having deployed an amount equivalent to the Minimum Buy-Back Size (even if the Maximum Buy Back Size has not been reached or the Maximum Buy-Back Shares have not been bought back), however, that all payment obligations relating to the shares bought back shall be completed before the last date for the Buy-Back.
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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:
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Name of the Member
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Clearing No
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Motilal Oswal Financial Services Limited
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446
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4. 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:
Scrip Code No. : 532848
Market Lot : 1 Share
Scrip ID on BOLT System : DELTACORP*
5. Circuit Filters, Margins, Capital Adequacy Norms, Auction, Close out, Arbitration, etc. are applicable in case of buyback as in the case of the normal trading.
6. Institutional Investors are allowed to participate in the buyback.
7. 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:
Motilal Oswal Investment Advisors Limited
Motilal Oswal Tower, Rahimtullah Sayani Road,
Prabhadevi, Mumbai- 400 025
Tel: +91 22 7193 4380
Fax: +91 22 7193 4315
E-mail: deltacorp.buyback2020@motilaloswal.com
Investor Grievance E-mail: moiaplredressal@motilaloswal.com
Website: http://www.motilaloswalgroup.com
Contact person: Kristina Dias / Subodh Mallya
SEBI Registration No.: INM000011005
Validity Period: Permanent
CIN: U67190MH2006PLC160583
Mr. Dilip Vaidya
Compliance Officer & Company Secretary
Delta Corp Limited
2nd Floor, Bayside Mall, Tardeo Road, Haji Ali, Mumbai - 400 034.
Tel: +91-22-4079 4700
Fax: +91-22-4079 4777
E-mail: secretarial@deltin.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/ Ms.Vidhi Mehta - Extn: 022-2272-8915/8995 (For General Queries)
Rupal Khandelwal
Senior Manager
April 07, 2020 |