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 Sinclairs Hotels Ltd (“The Company”) has announced an Offer for buyback of up to 15,20,000 (Fifteen Lakh Twenty Thousand) fully paid up equity shares of face value of Rs.2/- (Rupees Two Only) each, representing 5.60% of the total Number of equity shares in the paid up equity share capital of the company from the equity shareholders/Beneficial owners of equity shares of the company as on the record date i.e., Friday, September 29, 2023, on A proportionate basis through the tender offer route at a price of Rs. 200/- (rupees two hundred only) per Equity share payable in cash for an aggregate consideration not exceeding Rs. 30,40,00,000/- (rupees thirty Crore forty lakh only) (the “buyback”)., from Friday, October 6, 2023 To Thursday, October 12, 2023.
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.
Mangesh Tayde
Deputy General Manager
Listing
October 04, 2023 |