- On February 9, 2018,3:51 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 SJVN Limited (“Company”), has made cash offer for Buyback of not exceeding 20,68,31,325 (Twenty Crore Sixty Eight Lakh Thirty One Thousand Three Hundred Twenty Five Only) fully paid-up equity shares of face value Rs. 10 each, representing 5% of the total paid-up equity share capital of the Company as on March 31, 2017, from all the eligible shareholders/ beneficial owners of equity shares of the Company as on the Record Date i.e. Thursday, January 18, 2018, on a proportionate basis, through the “Tender Offer” process at a price of Rs. 38.75 (Rupees Thirty Eight And Paisa Seventy Five Only) per equity share for an aggregate consideration not exceeding Rs. 801,47,13,843.75 (Rupees Eight Hundred One Crore Forty Seven Lakh Thirteen Thousand Eight Hundred Forty Three And Paisa Seventy Five Only) from February 14, 2018 to February 28, 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