Buyback of equity shares of Nava Bharat Ventures Limited (Scrip code: 513023)

• Notice No: 20210302-1
• Notice Date: 02 Mar 2021
• Category: Company related
• Segment: Equity

 Trading Members are hereby informed that Nava Bharat Ventures Limited (Scrip code: 513023) has announced buyback of its fully paid-up equity shares of face value of Rs. 2/- each from the Open Market through electronic trading mechanism of the Exchange. The Maximum Buyback Price would not exceed Rs. 100/- (Rupees One hundred only) per equity share payable in cash for an aggregate amount not exceeding Rs. 150 crores (Rupees One Hundred and Fifty Crores Only).

1.      Proposed timetable for buyback:

Date of Opening of the Buyback on BOLT

Wednesday, March 3, 2021

Last Date for the Buyback

Earlier of: a)     Thursday, September 2, 2021 (i.e., within 6 months from the date of the opening of the Buy-back); or b)     when the Company completes the Buyback by deploying the amount equivalent to the Maximum Buyback Size; or c)      at such earlier date as may be determined by the Board, after giving notice of such earlier closure, subject to the Company having deployed an amount equivalent to the Minimum Buyback Size (even if the Maximum Buyback Size has not been reached or the Maximum Buyback Shares have not been bought back), however that all payment obligations relating to the Buyback shall be completed before the last date for the Buyback.

2.      Broker Members for buyback:

The company has appointed the following BSE Trading Members through whom the purchases and settlement on account of the buyback would be made:

Name of the Member	Clearing No	Client Code
R.L.P. Securities Private Limited	3024	N300

3.      Details of Shares held in DEMAT Form:

The Trading Members may note that the Equity Shares held in DEMAT form can be offered for Buyback to the Company in rolling settlement, as per details mentioned below:

Scrip Code	513023
Market Lot	1 Share
Scrip ID on BOLT System	NBVENTURES*

4.      Circuit Filters, Margins, Capital Adequacy Norms, Auction, Close out, Arbitration, etc. are applicable in case of buyback as in the case of the normal trading.

5.      Institutional Investors are allowed to participate in the buyback.

6.      Please note that, settlement will be with normal equity cash segment trades and market type for delivery will be “Normal” equity cash segment

7.      The documents are available in Department of Corporate Services for inspection. In case of any queries /clarifications on the scheme of buyback, Trading Members may please contact the under mentioned persons:

• Merchant Banker to the Buyback:

Akasam Consulting Private Limited

Akasam, 10-1-17/1/1, Level 3 & 4,

Masab Tank, Hyderabad -500004

Tel: [phone]

Fax: [phone]

Email ID: [e-mail]

• At the Company:

Mr. VSN Raju (Compliance Officer)

Company Secretary and Vice-President  

Nava Bharat Ventures Limited

6-3-1109/1, Nava Bharat Chambers,

Rajbhavan Road, Hyderabad,

Telangana, 500082

Tel.: [phone],

Fax: [phone]

Email: [e-mail]

Website: www.nbventures.com   

·        At the Exchange:

Clearing & Settlement Department -

Mr. Nilesh Shah/Ajay Darji - Extn: 022-22728468/5163/5628/8223/5784

               Email Id: [e-mail]

Trading Department -          

Trading Operations - Extn: 022-2272- 8376 (For Trading Related)

Help desk - Extn: 61363100 (Hunting) (For BOLT System)

Listing Operations Department –

Mr. Raghavendra Bhat - Extn: 022-2272-8915 (For General Queries)

Rupal Khandelwal

Senior Manager

March 2, 2021