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 Takeover, Buy Back and De-listing 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, 2017,20190424-35 dated April 24, 2019 and 20200528-32 dated 28 May 2020has 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 Cheviot Company Limited (“the Company”) has announced Cash Offer for buy-back of up to 2,00,000 (Two Lakhs) fully paid-up ordinary shares of face value of Rs. 10/- (Rupees Ten) each, representing 3.09% of the total number of ordinary shares in the issued, subscribed and paidup ordinary share capital of the Company as on March 31, 2020, from all the eligible shareholders of the Company as on September 18, 2020 (The Record Date), on a proportionate basis, through the “Tender Offer” route at a price of Rs. 900/- (Rupees Nine Hundred Only) per ordinary share payable in cash for an aggregate consideration not exceeding Rs. 18,00,00,000/- (Rupees Eighteen Crores Only), from October 22, 2020 to November 05, 2020.
Letter of Offer is attached herewith for perusal.
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 20190424-35 dated April 24, 2019 along with the details of this Offer to Buy would be available on BSE Website – www.bseindia.com.
Atul Dhotre
Senior Manager
Listing Sales & Ops
October 20, 2020 |