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| Exchange Disseminated Time | Karvy Investor Services Ltd ("Manager to the BuyBack") on behalf of Sandesh Ltd ("Target Company") has issued this post buyback public notice to the equity Shareholders / Beneficial Owners of the Equity Shares of the Target Company, which is in continuation of and should be read in conjunction with the public notice issued on December 02, 2008, Public Announcement dated April 05, 2009 ("PA") & Corrigendum to the Public Announcement was published on April 15, 2009.
This post buyback public notice has issued pursuant to regulation 19(7) of the Securities and Exchange Board of India (Buyback of Securities) Regulations, 1998.
A. The Buyback
1. The Sandesh Ltd ("The Company") had announced the buyback ("The Buyback") of fully paid up equity shares ("Shares") of Rs.10/- each of the Company, not exceeding 10,85,000 equity shares, from the existing owners/ beneficial owners of equity shares from the open market through stock exchange using electronic trading facilities of Bombay Stock Exchange Ltd ("BSE") and National Stock Exchange of India Ltd ("NSE") in accordance with Section 77A, 77AA and 77B of the Companies Act, 1956 and SEBI (Buy-back of Securities) Regulations, 1998 at a price not exceeding Rs 180/- per share payable in cash for an aggregate amount not exceeding Rs 1,953 lakhs.
2. The Buyback Offer opened on April 16, 2009 and closed on November 30, 2009.
B. Details of the Buyback:
1. Total number of shares bought back under the Buyback were 1,18,193 equity shares.
2. Total amount invested in the Buyback was Rs 187.83 lacs.
3. The price at which the shares were bought back was dependent on the price quoted on BSE and NSE. The highest price at which shares were bought back was Rs 180.00 per share while the lowest price was Rs 133.00 per share. Shares were bought back at an average price of Rs 158.91 per share.
4. As the offer for the Buyback of shares was from the open market through stock exchanges, the identity of shareholders from whom shares exceeding 1 % of total shares bought in buyback is not known.
5. All shares bought back were extinguished and no share is pending extinguishment.
(For more details kindly refer Corporate Announcements on www.bseindia.com). |
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