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 INDIAN TONERS & DEVELOPERS LIMITED (“The Company”) offer to buyback not exceeding 4,58,268 (Four Lakh Fifty Eight Thousand Two Hundred Sixty Eight Only) fully paid-up equity shares of the company of the face value of Rs.10 /- (Indian Rupees Ten Only) each, of Indian Toners & Developers Limited (“The Company”), representing upto 4.22% of the total existing paid-up equity share capital of the company, from all the equity shareholders of the company/ beneficial owners of the equity shares of the company as on the record date i.e., Friday, August 30, 2024, on a proportionate basis, through the tender offer route (as defined below), at a price of Rs. 450/- (Rupees Four Hundred Fifty Only) per equity share for an aggregate amount of up to Rs. 20,62,20,600/- (Rupees Twenty Crore Sixty-Two Lakh Twenty Thousand and Six Hundred Only) excluding any expenses incurred or to be incurred for the Buyback. From Thursday, September 05, 2024, to Wednesday, September 11, 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
September 03, 2024 |