|Opening of Offer to Buy – Acquisition Window (Buyback) for Weizmann Forex 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 Weizmann Forex Limited (“The Company”) has announced Offer for Buyback of up to 4,36,467 (Four Lakhs Thirty Six Thousand Four Hundred and Sixty Seven) fully paid up equity shares of the Company of face value of Rs. 10 (Rupees Ten Only) each at a price of Rs. 702 (Rupees Seven Hundred and Two Only) (“Buy-back Price”) per fully paid up equity share on a proportionate basis through the tender offer route from October 03, 2018 to October 16, 2018.
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.
Additional General Manager
Listing Sales & Ops
September 24, 2018