Trading Members are hereby informed that VRL Logistics Limited (Scrip code: 539118) has announced buyback of its fully paid-up equity shares of face value of Rs. 10/- each from the Open Market through electronic trading mechanism of the Exchange. The Maximum Buyback Price would not exceed Rs. 300/- (Rupees Three hundred only) per equity share payable in cash for an aggregate amount not exceeding INR 60, 00, 00,000/- (Indian Rupees Sixty Crore Only)
1. Proposed timetable for buyback:
Date of Opening of the Buyback on BOLT
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Monday, February 15, 2021
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Last Date for the Buyback
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Earlier of:
(a) August 14, 2021 (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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2. 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:
Name of the Member
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Clearing No
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Client Code
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ICICI Securities Ltd.
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103
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15885
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3. 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
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539118
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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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VRLLOG*
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4. 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.
5. Institutional Investors are allowed to participate in the buyback.
6. Please note that, settlement will be with normal equity cash segment trades and market type for delivery will be “Normal” equity cash segment
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:
ICICI Securities Limited
ICICI Centre, H.T. Parekh Marg, Churchgate, Mumbai 400 020, India
Tel. No.: +91 22 2288 2460;
Fax No.: +91 22 2282 6580
Email: vrl.buyback@icicisecurities.com
Website: www.icicisecurities.com
Investor grievance e-mail: customercare@icicisecurities.com
Contact persons: Rupesh Khant/ Vaibhav Saboo
SEBI Registration No.: INM000011179
Mr. Aniruddha Phadnavis
Company Secretary & Compliance Officer
VRL Logistics Limited
Giriraj Annexe, Circuit House Road,
Hubballi – 580 029, Karnataka
Tel No.: 08362237511
Fax No: 0836 2256612
Email: investors@vrllogistics.com
· At the Exchange:
Clearing & Settlement Department -
Mr. Nilesh Shah/Ajay Darji - Extn: 022-22728468/5163/5628/8223/5784
Email Id: bse.csd@bseindia.com
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
February 13, 2020 |