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, 20201102-43 dated Nov 02, 2020 and 20210825-62 dated Aug 25,2021 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 Cheviot Co. Ltd. (“The Company”) has announced a Cash offer to Buyback up to maximum 2,50,000 (Two lakhs Fifty thousand) fully paid-up ordinary shares of face value of Rs.10/- (Rupees Ten Only) each, representing 3.99% of the total number of ordinary shares in the issued, subscribed and paid-up ordinary share capital of the company, from all the eligible shareholders of the company as on the record date (December 17, 2021), on a proportionate basis, through the “tender offer” route at a price of Rs.1,725/- (Rupees One Thousand Seven Hundred And Twenty-Five Only) per ordinary share payable in cash for an aggregate consideration not exceeding Rs.43,12,50,000/- (Rupees Forty-Three Crores Twelve Lakhs Fifty Thousand Only) [“buy-back offer/buy-back”] from January 10,2022 to January 21,2022.
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
January 03,2022 |