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 Smartlink Holdings Limited (“The Company”) has announced an offer for buyback of up to 33,25,000 (Thirty Three Lakhs Twenty Five Thousand Only) fully paid-up equity shares of the Company of the face value of Rs. 2/- (“Equity Shares”) each, representing 25% of the total number of equity shares in the total paid-up equity share capital of the Company as on March 31, 2020, from all eligible shareholders (equity shareholders as on the record date) on a proportionate basis, through the ‘Tender Offer’ process, at a price of Rs. 95/- (Indian Rupees Ninety Five Only) per equity share, payable in cash, for an aggregate maximum amount of Rs. 31,58,75,000/- (Indian Rupees Thirty One Crore Fifty Eight Lakh Seventy Five Thousand Only), excluding the transaction costs, from April 30, 2021 to May 14, 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.
Atul Dhotre
Senior Manager
Listing Sales & Ops
April 28, 2021 |