| Opening of Offer to Buy – Acquisition Window (Buyback) Cosmo Films 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 2020has 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 Cosmo Films Limited (“the Company”) has announced offer to buyback up to 12,67,361 (Twelve Lakhs Sixty Seven Thousand Three Hundred And Sixty One) fully paid-up equity shares of Cosmo Films Limited (The “Company”) of face value of Rs. 10 each (“Equity Shares”), representing 6.52% of the issued, subscribed and paid-up equity shares of the company, from all eligible shareholders as on the Record Date, I.E., Monday, November 9, 2020 on a proportionate basis, through the ‘Tender Offer’ process, at a price of Rs. 576 (Indian Rupees Five Hundred Seventy Six Only) per equity share, payable in Cash, for an aggregate maximum amount not exceeding Rs. 73,00,00,000 (Indian Rupees Seventy Three Crores Only), from November 27, 2020 To December 11, 2020
Letter of Offer is herewith attached for perusal.
Market participants are further requested to note that this offer will be as per the Revised Guidelines of SEBI circular no. CFD/DCR2/CIR/P/2016/131 dated Dec 09, 2016 and Exchange notice no. 20170210-16 dated Feb 10, 2017 and 20190424-35 dated April 24, 2019 along with the details of this Offer to Buy would be available on BSE Website – www.bseindia.com.
Atul Dhotre
Senior Manager
Listing Sales & Ops
November 24, 2020
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