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Notices
Notice No20180214-13Notice Date14 Feb 2018
CategoryTradingSegmentEquity
SubjectOpening of Offer to Buy – Acquisition Window (Buyback) Deepak Industries Limited
Content

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 Deepak Industries Limited (“Company”), Cash offer to buyback not exceeding 11,00,000 (Eleven Lakhs) fully paid up equity shares of face value of Rs. 10/- each representing 21.76% of the total number of equity shares in the issued, subscribed, paid up equity share capital of the Company from all the existing shareholders/beneficial owners of the Company as on the record date i.e. 19.01.2018 on a proportionate basis through the tender offer route at a price of Rs. 310/- (Rupees Three Hundred Ten Only) per equity share for an aggregate amount Rs. 34,10,00,000/- (Rupees Thirty Four Crores Ten Lakhs Only) from February 21, 2018 to March 07, 2018.

 

The Company is listed on The Calcutta Stock Exchange Limited

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.

 

 

 

Bhushan Mokashi

Addln. General Manager

Listing Sales & Ops

February 14, 2018