| Opening of Offer to Buy – Acquisition Window (Buyback) for Mphasis 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 Mphasis Limited (the “Company”), has announced cash offer to buy back up to 7,320,555 (Seven Million Three Hundred Twenty Thousand Five Hundred Fifty Five) fully paid-up equity shares of face value of Rs. 10/- each (“Equity Shares”), representing up to 3.79% of the total paid-up equity share capital of the Company as at June 30, 2018 (the last audited financial statements available as on the date of the board meeting approving the buyback), from all the shareholders/ beneficial owners of the equity shares of the Company as on the record date i.e., October 25, 2018 (“Record Date”), on a proportionate basis, through the “Tender Offer” as prescribed under the Buyback Regulations, at a price of Rs. 1,350/- (Rupees One Thousand Three Hundred And Fifty Only) per equity share for an aggregate amount of upto Rs. 9,882,749,250/- (Rupees Nine Billion Eight Hundred Eighty Two Million Seven Hundred Forty Nine Thousand Two Hundred And Fifty Only) (the “Buyback Size”) from December 07, 2018 to December 20, 2018.
BSE is the Designated Stock Exchange for this issue.
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
Additional General Manager
Listing Sales & Ops
November 30, 2018 |