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| Exchange Disseminated Time | Axis Capital Ltd ("Manager to the Buy back) has submitted to BSE a Copy of Public Announcement (the “Public Announcement”) to the Equity Shareholders / beneficial owners of Equity Shares of Clariant Chemicals (India) Ltd ("Target Company") for buy back of Equity Shares through Tender Offer.
This PA is being made pursuant to the provisions of Regulation 8(1) of the Securities and Exchange Board of India (Buy Back of Securities) Regulations, 1998, as amended (the “Buy Back Regulations”) and contains the disclosures as specified in Part A of Schedule II to the Buy Back Regulations.
Offer for buy back of upto 35,78,947 fully paid up Equity Shares of face value of Rs. 10 each at a price of Rs. 950 per fully paid up equity share on a proportionate basis through the Tender Offer Process. |
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