|
| Exchange Disseminated Time | Sandesh Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 16, 2013, inter alia, have :
1. Considered and unanimously approved the proposal of Buy-back through 'Tender Offer' route upto 9,60,000 fully paid up Equity Shares of Rs. 10/- each from the shareholders of the Company as on a record date (to be decided later) at a price of Rs. 302/- per equity share, payable in cash, upto an aggregate amount of Rs. 2899.20 Lacs (Rupees Twenty Eight Crores Ninety Nine Lacs Twenty Thousand only).
2. Constituted a 'Buyback committee' comprising of Mr. Parthiv Falgunbhai Patel, Mr. Shreyasbhai Pandya and Mr. Mukeshbhai Patel, ("Members of the Committee"). The aforesaid committee is authorized to take all necessary actions for executing the activities relating to the Buyback.
3. Appointed Saffron Capital Advisors Private Limited, a SEBI registered Category I Merchant Banker as ‘Sole Manager’ to the buyback offer. |
|
|