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Notices
Notice No20180122-8Notice Date22 Jan 2018
CategoryTradingSegmentEquity
SubjectOpening of Offer to Buy – Acquisition Window (Buyback) for Swaraj Engines Limited
Content

 

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 Takeovers, Buy Back and 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, 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 Swaraj Engines Limited (the “Company”), has announced Cash offer to Buyback not exceeding 2,94,746 fully paid-up equity shares of face value Rs. 10/- each, representing 2.37% of the total number of equity shares in the Issued, Subscribed and Paid-up equity share capital of the Company, from all the existing shareholders / beneficial owners of equity shares of the Company as on the Record Date i.e. 12th January, 2018, on a proportionate basis, through the “Tender Offer” route at a price of Rs. 2,400/- (Rupees Two Thousand Four Hundred Only) per equity share for an aggregate amount not exceeding Rs. 70,73,90,400/- (Rupees Seventy Crores Seventy Three Lakhs Ninety Thousand Four Hundred Only), from January 31, 2018 to February 14, 2018.

 

Market participants are further requested to note that this offer will be as per the Revised Guidelines of SEBI circular no. CFD/DCR2/CIR/P/2016/131 dated Dec 09, 2016 and Exchange notice no. 20170210-16 dated Feb 10, 2017 and the details of this Offer to Buy would be available on BSE Website – www.bseindia.com.

 

 

 

 

Bhushan Mokashi

Additional General Manager

Listing Sales & Ops

January 22, 2018