|Opening of Offer to Buy – Acquisition Window (Buyback) for Monte Carlo Fashions 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 Monte Carlo Fashions Limited (the “Company”), has announced Cash Offer to Buyback up to 10,00,000 (Ten Lakhs) fully paid-up equity shares of face value of Rs. 10/- each (“Equity Shares”), representing up to 4.60% of the total 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), from all the shareholders / beneficial owners of the equity shares of the Company as on the Record Date, i.e., Friday, February 22, 2019 (“Record Date”), on a proportionate basis, through the “Tender Offer” as prescribed under the Buy-back Regulations, at a price of Rs. 550/- (Rupees Five Hundred and Fifty Only) per equity share for an aggregate amount of up to Rs. 55,00,00,000/- (Rupees Fifty Five Crores Only) (the “Buyback Size”) from March 19, 2019 to April 02, 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 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.
Note: Bidding in physical shares will be allowed only up to March 29, 2019.
Additional General Manager
Listing Sales & Ops
March 15, 2019