|
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 Triveni Engineering & Industries Limited (“The Company”) has announced an Offer to Buyback up to 2,28,57,142 (Two Crores Twenty Eight Lakhs Fifty Seven Thousand One Hundred And Forty Two) ) fully paid-up equity shares of the company having face value of Re.1/- (Indian Rupee One Only) each, from all eligible shareholders (equity shareholders as on the record date, being Friday, December 23, 2022) on a proportionate basis, through the ‘Tender Offer’ process, at a price of Rs.350/- (Indian Rupees Three Hundred And Fifty Only) per equity share, payable in cash, for an aggregate maximum amount not exceeding Rs.800,00,00,000/- (Indian Rupees Eight Hundred Crores Only) excluding the transaction costs, from February 16, 2023, 2022 to March 01, 2023.
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.
Mangesh Tayde
Assistant General Manager
Listing Sales & Ops
February 14, 2023
|