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 2020 and 20201102-43 dated 02 Nov 2020 has 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 Gujarat Apollo Industries Limited (“The Company”) has announced an Offer for buyback of up to 8,61,915 (Eight Lakhs Sixty-One Thousand Nine Hundred And Fifteen Only) fully paid-up equity shares of face value Rs. 10 each (“Equity Shares”), representing 6.81% of the total number of equity shares of the existing issued, subscribed and paid-up equity share capital of the Company, from all the equity shareholders as on the Record Date, i.e, February 26, 2021, through the “Tender Offer” route, on a proportionate basis, for Cash at a price of Rs. 222 (Rupees Two Hundred And Twenty Two Only) per equity share for an aggregate amount up to Rs. 19,13,45,130 (Rupees Nineteen Crores Thirteen Lakhs Forty-Five Thousand One Hundred and Thirty Only) (“Maximum Buyback Size”), from April 8, 2021 to April 26, 2021.
Letter of Offer is herewith attached for perusal.
Market participants are further requested to note that this offer will be as per the SEBI circular no. CIR/CFD/POLICYCELL/1/2015 dated April 13, 2015 and SEBI circular no. CFD/DCR2/CIR/P/2016/131 dated Dec 09, 2016 and Exchange notice no. 20170210-16 dated Feb 10, 2017, 20190424-35 dated April 24, 2019 and 20200528-32 dated 28 May 2020 and the details of this Offer to Buy would be available on BSE Website – www.bseindia.com.
Bhushan Mokashi
Additional General Manager
Listing Sales & Ops
March 06, 2021
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