1. Trading Members are hereby informed that TCI Express Limited (Scrip code: 540212) has announced buyback of its fully paid-up equity shares of face value of Rs. 2/- each from the Open Market through electronic trading mechanism of the Exchange. The Maximum Buyback Price would not exceed Rs. 2050/- (Two thousand and fifty rupees only) per equity share payable in cash for an aggregate amount not exceeding Rs. 75 crores (Seventy-five crore rupees Only)
2. Proposed timetable for buyback:
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Date of Opening of the Buyback
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Thursday, August 18, 2022
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Last Date for the Buyback
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Earlier of:
a) February 13, 2023 (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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3. 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:
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Name of the Member
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Clearing No
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Motilal Oswal Financial Services Limited
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0446
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4. 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:
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Scrip Code No
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540212
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Market Lot
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1 Share
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Scrip ID
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TCIEXP *
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5. Circuit Filters, Margins, Capital Adequacy Norms, Auction, Close out, Bad Delivery, Arbitration, etc. are applicable in case of buyback as in the case of the normal trading.
6. Institutional Investors are allowed to participate in the buyback.
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:
Kfin Technologies Limited
Selenium, Tower B, Plot No- 31 & 32,
Financial District, Nanakramguda, Serilingampally Hyderabad,
Rangareddi — 500 032, Telangana, India
Tel No.: 1-800-309-4001
E-mail: einward.ris@kfintech.com
- Merchant Banker to the Buyback:
Motilal Oswal Investment Advisors Limited
Motilal Oswal Tower,Plot number 31 and 32
Rahimtullah Sayani Road, Opposite Parel ST Depot
Prabhadevi, Mumbai-400025
Tel.: + 022-71934263
Contact Person: Subodh Mallya
Email: tciexp.buyback@motilaloswal.com
Ms. Priyanka
Flat Nos 306 & 307 1-8-273, Ashoka Bhoopal Chambers
Third Floor, S.P Road,
Secunderabad, Telangana, 500003
Email: secretarial@tciexpress.in
Tel: 0124-2384090 - 94
· At the Exchange:
Clearing & Settlement Department -
Mr. Nilesh Shah/Ajay Darji - Extn: 022-2272-8704/8468 (For Clearing & Settlement)
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 - Extn: 022-2272-8915 (For General Queries)
Rupal Khandelwal
Assistant General Manager
Wednesday, August 17, 2022 |