Trading Members are hereby informed that Kaveri Seed Company Limited (Scrip code: 532899) 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. 700/- (Rupees Seven Hundred only) per equity share payable in cash for an aggregate amount not exceeding Rs. 125,65,00,000/-.
1. Proposed timetable for buyback:
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Date of Opening of the Buyback
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Monday, November 07, 2022
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Last Date for the Buyback
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Earlier of:
(a) May 06, 2023 (that is 6 months from the date of the opening of the Buyback); or
(b) when the Company completes the Buy-Back by deploying the amount equivalent to the Maximum Buy-Back 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:
R.L.P. Securities Private Limited
Address: Nirmal Tower, 402 -500082
Dwarakapuri, Punjagutta, Hyderabad, Telangana 500082.
Tel No.: +91 4023352485
Email: rlpsecurities@yahoo.com
Contact person: Mr. Ch. Varaparasad
Clearing No: 3024
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:
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Scrip Code
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532899
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Market Lot
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1 Share
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Scrip ID
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KSCL*
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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:
Bajaj Capital Limited
Mezzanine Floor, Bajaj House, 97, Nehru Place, New Delhi-110019
Tel: 011-67000000
Email: info@bajajcapital.com
Contact Person: P. Balraj
SEBI Registration No.: INM000010544
K.V. Chalapathi Reddy
CFO cum Compliance Officer
513-B, 5th Floor, Minerva Complex,
S.D. Road, Secunderabad-500003, Telangana
Tel. No: +91 40-27721457
Fax No.: 040-27811237
Email: cs@kaveriseeds.in
- Registrar and Transfer Agent:
Bigshare Services Private Limited
Address: S6-2, 6th Floor, Pinnacle Business Park
Next to Ahura Centre, Mahakali Caves Road
Andheri (East) Mumbai – 400093, Maharashtra, India
Tel: +91 22 6263 8200
E-mail: buybackoffer@bigshareonline.com
Website: www.bigshareonline.com
Investor Grievance E-mail: investor@bigshareonline.com
Contact person: Mr. Jibu John
SEBI Registration No.: INR000001385
· 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 - Extn: 022-2272-8915 (For General Queries)
Rupal Khandelwal
Assistant General Manager
November 04, 2022 |