1. Trading Members are hereby informed that CL Educate Limited has announced buyback of its fully paid-up equity shares of face value of Re. 5/- each from the Open Market through electronic trading mechanism of the Exchange. The Maximum Buyback Price would not exceed Rs. 94/- (Indian Rupees Ninety-Four Only) per equity share payable in cash for an aggregate amount not exceeding Rs. 15 Crores (Indian Rupees Fifteen Crores only).
2. Proposed timetable for buyback:
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Date of Opening of the Buyback
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Monday, August 21, 2023
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Last Date for the Buyback
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Earlier of:
(a) November 28, 2023 [i.e., Sixty Six working days from the Opening of the Buyback]
(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 persons nominated by the Board 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 Member through whom the purchases of shares 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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Client Code
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Kunvarji Finstock Pvt. Ltd
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3087
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BUYBACK111
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4. Details of Buyback Order
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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Segment
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Equity Segment (Normal Market)
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Scrip Code No
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543961
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Market Lot
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1 Share
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Scrip ID
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CLEDUCATE7
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Group
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“T” Group
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Face Value (Rs.)
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5
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5. For further information and clarity on a separate window for Open Market Buyback through Stock Exchange, Trading Members and Market Intermediaries are requested to refer circular no 20230328-24 March 28, 2023 Issued by BSE.
6. 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 31-32, Gachibowli, Financial District Nanakramguda, Hyderabad 500 032, Telangana, India
Tel: +91 (40) 6716 2222 /
Fax: +91 (40) 2343 1551
E-mail: einward.ris@kfinetch.com
Investor Grievance E-mail: einward.ris@kfinetch.com
Website: https://ris.kfintech.com/ and https://www.kfintech.com/
Contact person: Mohd Mohsin Uddin -Senior Manager
SEBI Registration Number: INR000000221
- Merchant Banker to the Buyback:
V.B. Desai Financial Services Limited
Cama Building, 1st Floor, 24/26, Dalal Street, Fort, Mumbai – 400 001
Tel. No: 022-40770709; 022-40770777
Contact Person: K.K. Antoo
Email: info@vbdesai.com
Website: www.vbdesai.com
SEBI Registration Number: INM000002731
Ms. Rachna Sharma Company Secretary & Compliance Officer
CL Educate Limited A-45, First Floor, Mohan Cooperative Industrial Estate, New Delhi-110044
Tel: +91 -11- 41281100;
Fax: +91-11-41281101
Website: www.cleducate.com;
Email: compliance@cleducate.com
· At the Exchange:
Rupal Khandelwal
Deputy General Manager
Friday, August 18, 2023 |