1. Trading Members are hereby informed that Nava Bharat Ventures Limited (Scrip code: 513023) has announced buyback of its fully paid-up equity shares of face value of Rs. 2/- each from the Open Market through electronic trading mechanism of the Exchange. The Maximum Buyback Price would not exceed Rs. 160/- (Rupees One Hundred Sixty only) per equity share payable in cash for an aggregate amount not exceeding Rs. 25 crores (Rupees Twenty-Five crore only).
2. Proposed time table for buyback:
|
Date of Opening of the Buyback on BOLT
|
Monday, June 10, 2019
|
|
Last Date for the Buyback
|
Earlier of:
(a) December 09, 2019 [i.e., 6 months from the date of Opening of the Buyback]; or
(b) when the Company completes the Buyback by deploying the amount equivalent to the Maximum Buyback Size; or
(c) at such earlier date as may be determined by the Board, after giving notice of such earlier closure, subject to the Company having deployed an amount equivalent to the Minimum Buyback Size (even if the Maximum Buyback Size has not been reached or the Maximum Buyback Shares have not been bought back), however that all payment obligations relating to the Buyback shall be completed before the last date for the Buyback.
|
3. Broker Members for buyback:
The company has appointed the following BSE Trading Members through whom the purchases and settlement on account of the buyback would be made:
|
Name of the Member
|
Clearing No
|
|
Karvy Stock Broking Limited
|
917
|
4. Details of Shares held in DEMAT Form.
The Trading Members may note that the Equity Shares held in DEMAT form can be offered for Buyback to the Company in rolling settlement, as per details mentioned below:
Scrip Code No. : 513023
Market Lot : 1 Share
Scrip ID on BOLT System : NBVENTURES*
5. Circuit Filters, Margins, Capital Adequacy Norms, Auction, Close out, Arbitration, etc. are applicable in case of buyback as in the case of the normal trading.
6. Institutional Investors are allowed to participate in the buyback.
7. The documents are available in Department of Corporate Services for inspection. In case of any queries /clarifications on the scheme of buyback, Trading Members may please contact the under mentioned persons:
- Merchant Banker to the Buyback:
Karvy Investor Services Limited
Plot No.31, 8th Floor, Karvy Millennium,
Nanakramguda, Financial District,
Gachibowli, Hyderabad - 500 032,
Telangana. India
Tel: 91 40 2342 8774/ 2331 2454
Fax: 91 40 2337 4714/ 2331 1968
Email: cmg@karvy.com
Website: www.karvyinvestmentbanking.com
Investor Grievance Email: igmbd@karvy.com
Contact Person: Mr. M.P. Naidu
Mr. VSN Raju
Company Secretary,
Nava Bharat Ventures Limited
6-3-1109/1, Nava Bharat Chambers,
Rajbhavan Road, Hyderabad,
Telangana, 500082
Tel.: +91 40-23403501 / 23403540,
Fax: +91 40-23403013, 080 6688 6121
Email: investorservices@nbv.in
Website: www.nbventures.com
· At the Exchange:
Clearing & Settlement Department -
Mr. Nilesh Shah/Ajay Darji - Extn: 022-2272-8704/8468 (For Clearing & Settlement)
Trading Department -
Trading Operations - Extn: 022-2272- 8436 (For Trading Related)
Help desk - Extn: 61363100 (Hunting) (For BOLT System)
Listing Operations Department –
Ms. Vidhi Mehta - Extn: 022-2272-8995 (For General Queries)
Rupal Khandelwal
Manager
June 07, 2019 |