Trading Members are hereby informed that Kaveri Seed Company Limited (Scrip code: 532899) 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. 850/- (Rupees Eight Hundred and Fifty only) per equity share payable in cash for an aggregate amount not exceeding Rs. 120,00,13,000/- (Rupees One Twenty Crores Thirteen Thousand only).
1. Proposed timetable for buyback:
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Date of Opening of the Buyback on BOLT
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Thursday, September 02, 2021
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Last Date for the Buyback
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Earlier of:
(a) March 01, 2022 (that is 6 months from the date of the opening of the Buyback); or
(b) when the Company completes the Buy-Back by deploying the amount equivalent to the Maximum Buy-Back Size; or
(c) at such earlier date as may be determined by the Board (including a committee thereof, constituted by the Board or persons nominated by the Board / committee to exercise its powers, and / or the powers conferred by the Board resolution in relation to the Buyback), 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.
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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:
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Name of the Member
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Clearing No
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Client Code
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R.L.P. Securities Private Limited
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3024
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K257
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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:
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Scrip Code
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532899
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Market Lot
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1 Share
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Scrip ID on BOLT System
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KSCL*
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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:
Bajaj Capital Limited
Mezzanine Floor, Bajaj House, 97, Nehru Place, New Delhi-110019
Tel: 9849265491
Fax: 04027811237
Email: p.balraj@bajajcapital.com
Contact Person: P. Balraj
SEBI Registration No.: INM000010544
Vedantam Ravi Shanker Murti
Company Secretary
513-B, 5th Floor, Minerva Complex,
S.D. Road, Secunderabad-500003, Telangana
Tel. No 040-49192345;
Fax No.: 040-27811237
Email: cs@kaveriseeds.in
· At the Exchange:
Clearing & Settlement Department -
Mr. Nilesh Shah/Ajay Darji - Extn: 022-22728468/5163/5628/8223/5784
Email Id: bse.csd@bseindia.com
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/ Vaidehi Ketkar - Extn: 022-2272-8915/8646 (For General Queries)
Rupal Khandelwal
Assistant General Manager
September 01, 2021 |