- On February 26, 2018,5:15 am
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 Pidilite Industries Limited (“Company”) cash offer to Buyback not exceeding 50,00,000 fully paid-up equity shares of face value Re. 1/- each, representing 0.975% of the total number of equity shares in the issued, subscribed and paid-up equity share capital of the Company, from the existing shareholders / beneficial owners of equity shares of the Company as on the Record date i.e. February 12, 2018, on a proportionate basis, through the “Tender Offer” route at a price of Rs. 1,000/- (Rupees One Thousand Only) per equity share for an aggregate amount not exceeding Rs. 500,00,00,000/- (Rupees Five Hundred Crores Only) from March 01, 2018 to March 15, 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…..Read More