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NOTICES
Notice No.   20200629-5   Notice Date   29 Jun 2020
Category   Trading   Segment   Equity
Subject   Opening of Offer to Buy – Acquisition Window (Buyback) Tanla Solutions Limited
Attachments   Letter of Offer.pdf ;
Content

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 Takeover, 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, 2017,20190424-35 dated April 24, 2019 and 20200528-32 dated 28 May 2020 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 Tanla Solutions Limited (“the Company”) has announced an Offer to buyback of not exceeding 1,90,12,345 (One Crore Ninety Lakhs Twelve Thousand Three Hundred And Forty Five Only) fully paid-up equity shares of the company of the face value of Re. 1/- (Indian Rupee One Only) each, representing 12.49% of the existing issued, subscribed and paid-up equity shares of the Company, from all eligible shareholders (equity shareholders as on the Record Date, being June 10, 2020) on a proportionate basis, through the ‘Tender Offer’ process, at a price of Rs. 81/- (Indian Rupees Eighty-One Only) per equity share, payable in cash, for an aggregate maximum amount of Rs. 154,00,00,000/- (Indian Rupees One Hundred And Fifty Four Crores Only) from July 01 ,2020 to July 14, 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 20190424-35 dated April 24, 2019 along with the details of this Offer to Buy would be available on BSE Website – www.bseindia.com.

 

 

Bhushan Mokashi

Additional General Manager

Listing Sales & Ops

June 29, 2020