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 Suprajit Engineering Limited (“The Company”) has announced a Cash Offer for buy-back of up to 15,00,000 (Fifteen Lakhs Only) fully paid-up equity shares of face value of Rs. 1/- each (“Rupee One Only”) (“Equity Shares”), representing 1.07% of the total issued & paid up equity share capital of the Company, from all the fully paid-up equity shareholders/ beneficial owners of the equity shares of the Company as on the Record Date, i.e. Monday, February 22, 2021, on a proportionate basis, through the “Tender Offer” route, at a price of Rs. 320/- (Rupees Three Hundred Twenty Only) per equity share for an aggregate amount of up to Rs. 48,00,00,000/- (Rupees Forty-Eight Crores Only) (the “Buyback Size”), from April 08, 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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