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 De-listing, 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, and 20190207-23 dated 07 Feb 2019 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 NIIT TECHNOLOGIES LIMITED (the “Company”), has announced an offer to buyback of up to 19,56,290 (Nineteen Lakhs Fifty Six Thousand Two Hundred Ninety Only) fully paid-up equity shares of face value of Rs. 10 (Rupees Ten Only) each (“Equity Shares”) , representing 3.13% of the total issued and paid up equity share capital of the Company ,from all the eligible shareholders of the Company as on March 12, 2020, Thursday (The “Record Date”), on a proportionate basis, by way of a Tender Offer route through the Stock Exchange mechanism for cash at a price of Rs. 1,725/- (Rupees One Thousand Seven Hundred and Twenty-Five Only) per equity share for an aggregate amount of up to Rs. 3,37,46,00,250 (Rupees Three Hundred Thirty-Seven Crores Forty-Six Lakhs and Two Hundred Fifty Only) (“Buyback”), from May 29, 2020 to June 11, 2020
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
May 27, 2020
|