| Opening of Offer to Buy – Acquisition Window (Buyback) for NIIT Limited |
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 and 20201102-43 dated 02 Nov 2020 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 NIIT Limited (“The Company”) has announced an Offer for Buyback of up to 9,875,000 (Nine Eight Lakh Seventy-Five Thousand) fully paid-up equity shares of face value of Rs. 2 Each (“Equity Shares”) of the Company for Cash at a price of Rs. 240/- (Rupees Two Hundred and Forty Only) per equity share for an aggregate amount of up to Rs. 2,37,00,00,000 (Rupees Two Hundred & Thirty Seven Crore Only) (“Buyback Offer Size”), being up to 6.978 % of the issued and paid-up equity share capital of the Company as per the audited consolidated and standalone financial statements as at and for the period ended March 31, 2020, On A Proportionate Basis, From The Eligible Shareholders Holding Equity Shares As On February 24, 2021 (The “Record Date”), by way of tender offer, (“Buyback”), from April 12, 2021 to April 28, 2021.
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
April 08, 2021
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