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 ELEGANT MARBLES AND GRANI INDUSTRIES LIMITED (“The Company”) Offer To Buy back Up to 6,97,000 (Six Lakhs Ninety Seven Thousand Only) fully paid-up equity shares of having face value of Rs 10 (Indian rupees ten only) each of the company (“equity shares”), representing 19.04% of the total number of equity shares in the paid-up equity capital of the company, from all the eligible shareholders of the company as on the record date i.e., January 05, 2024, by way of a tender offer route through the stock exchange mechanism, for cash at a price of Rs. 385/- (three hundred and eighty five only) (“buyback price”) per equity share for an aggregate amount not exceeding Rs. 26,83,45,000 (Indian rupees twenty-six crores eighty-three lakh and forty-five thousand only) (“buyback size”)From January 11, 2024, to January 17, 2024
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
Deputy General Manager
Listing Business Relationship
January 09, 2024 |