|Opening of Offer to Buy – Acquisition Window (Buyback) for Dhanuka Agritech 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 December 09, 2016. The Exchange vide its notice no. 20170210-16 dated February 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 Dhanuka Agritech Limited (the “Company”), has announced Cash offer to Buyback up to 15,00,000 (Fifteen Lakhs Only) fully paid-up equity shares of face value Rs 2/- (Rupees Two Only) each (“Equity Shares” or “Shares”), constituting 3.06% of issued, subscribed and paid-up equity share capital of the Company, at a price of Rs. 550/- (Rupees Five Hundred Fifty Only) per equity share (“Buy-back Price”) payable in cash for an aggregate amount of up to Rs. 82.50 crores (Rupees Eighty Two Crores and Fifty Lakhs Only) excluding the transaction cost (“Buy-back Size”), which represents 13.12% of the aggregate of Company’s paid-up equity share capital and free reserves as on March 31, 2018, through the “Tender Offer” route, on a proportionate basis (“Buy-back Offer” or “Offer” or “Buy-back”) to the eligible shareholders of the Company as on January 02, 2019 (“Record Date”) from January 25, 2019 and February 07, 2019.
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 December 09, 2016 and Exchange notice no. 20170210-16 dated February 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
January 22, 2019