| Opening of Offer to Buy – Acquisition Window (Buyback) for HCL Technologies 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 Takeovers, Buy Back and 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, 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 HCL Technologies Limited (the “Company”), has announced Cash offer to buy back up to 3,63,63,636 (Three Crores Sixty Three Lacs Sixty Three Thousand Six Hundred and Thirty Six) fully paid-up equity shares of face value of Rs. 2 each (the “Equity Shares”), representing 2.61% of the total number of equity shares in the issued, subscribed and paid-up equity share capital of the Company as at March 31, 2018 (the last audited financial statements available as on the date of the Board Meeting approving the Buy-back) and as on date, from all the Equity Shareholders as on the Record Date, i.e. August 31, 2018 on a proportionate basis, through the “Tender Offer” route using the stock exchange mechanism, at a price of Rs. 1,100/- (Rupees One Thousand One Hundred Only) per Equity Share for an aggregate amount of up to Rs. 4,000 crores (Rupees Four Thousand Crores only) (the “Buy-back Size”), from September 18, 2018 to October 03, 2018.
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 the details of this Offer to Buy would be available on BSE Website – www.bseindia.com.
Amrin Memon
Deputy Manager
Listing Sales
September 11, 2018 |