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, 20201102-43 dated Nov 02, 2020 and 20210825-62 dated Aug 25,2021 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 James Warren Tea Limited (“The Company”) has announced an Offer for buyback of up to 8,42,717 (Eight Lakhs Forty Two Thousand Seven Hundred And Seventeen) fully paid-up equity shares of the Company of face value of Rs.10/- (Rupees Ten only) each, representing 16.07% of the issued, subscribed and paid-up Equity Shares of the Company, from all Eligible Shareholders as on the Record Date, i.e., Friday, January 14, 2022 on a proportionate basis, through the ‘tender offer’ process using stock exchange mechanism, at a price of Rs. 295/- (Rupees Two Hundred Ninety-Five only) per fully paid-up Equity Share, for an aggregate maximum amount not exceeding Rs. 24,86,01,515/- (Rupees Twenty Four Crores Eighty Six Lakhs One Thousand Five Hundred and Fifteen only) payable in cash excluding the Transaction Cost from February 23, 2022 to March 09, 2022.
Letter of Offer is herewith attached for perusal.
Market participants are further requested to note that this offer will be as per the SEBI circular no. CIR/CFD/POLICYCELL/1/2015 dated April 13, 2015 and SEBI circular no. CFD/DCR2/CIR/P/2016/131 dated Dec 09, 2016 and Exchange notice no. 20170210-16 dated Feb 10, 2017, 20190424-35 dated April 24, 2019 and 20200528-32 dated 28 May 2020 and the details of this Offer to Buy would be available on BSE Website – www.bseindia.com.
Atul Dhotre
Senior Manager
Listing Sales & Ops
February 21, 2022 |