Notice No.   20201027-18   Notice Date   27 Oct 2020
Category   Trading   Segment   Equity
Subject   Opening of Offer to Buy – Acquisition Window (Buyback) James Warren Tea Limited
Attachments   Letter of Offer.pdf ;

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 2020has 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 James Warren Tea Limited (“the Company”) has announced Cash Offer for Buyback up to 17,40,000 (Seventeen Lakhs Forty Thousand) fully paid-up equity shares of the Company of face value of Rs. 10/- (Rupees Ten only) each, representing 24.93% of the issued, subscribed and paid-up Equity Shares of the Company, from all Eligible Shareholders as on the Record Date, i.e., Friday, September 18, 2020 on a proportionate basis, through the ‘tender offer’ process using stock exchange mechanism, at a price of Rs. 114/- (Rupees One Hundred and Fourteen only) per fully paid-up Equity Share, for an aggregate maximum amount not exceeding Rs. 19,83,60,000 (Rupees Nineteen Crores Eighty-Three Lakhs and Sixty Thousand Only) excluding the Transaction Cost, from October 29, 2020 to November 12, 2020.

Letter of Offer is herewith attached for perusal.

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 –


Atul Dhotre

Senior Manager

Listing Sales & Ops

October 27, 2020