|Opening of Offer to Buy – Acquisition Window (Buyback) of Granules India 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 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, 20190207-23 dated 07 Feb 2019 and 20200528-32 dated 28 May 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 Granules India Limited (the “Company”), has announced an cash offer to buyback up to 1,25,00,000 (One Crore Twenty-Five Lakhs Only) fully paid-up equity shares of face value Rs. 1 each (“Equity Shares”)(“Buyback”), representing 4.92% of the total paid-up equity share capital of the Company, from all the equity shareholders/ beneficial owners of the fully paid equity shares of the company as on the record date i.e. Friday, March 20, 2020 (“Record Date”), on a proportionate basis, through the “Tender Offer” route, at a price of Rs. 200 (Rupees Two Hundred Only) per equity share (The “Buyback Price”) for an aggregate amount of up to Rs. 250,00,00,000 (Rupees Two Hundred And Fifty Crores Only) (The “Buyback Size”)., from June 08, 2020 to June 19, 2020
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.
Additional General Manager
Listing Sales & Ops
June 04, 2020s