TTK Prestige Ltd Buy-Back

TTK Prestige Ltd

 Scripname TTK Prestige Ltd Buy-Back
 Security Type Equity
 Symbol TTKPRESTIG
 Issue Type Buy back - Tender Offer
 Issue Period 13 July 2017 to 26 July 2017
 Market Lot 1
 Book Size – No of Shares 100,000
 Minimum Offer Quantity 1
 Maximum Offer Quantity 100,000
 Face Value 10
 Floor Price / Offer Price 700,000


Record date i.e. Friday, June 16, 2017 (“Record Date”),

Price of Rs 7,000/- (Rupees Seven Thousand Only) per Equity Share (“Buyback Price”)

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 TTK Prestige Limited (“Company”), has announced a Cash offer to buyback up to 1,00,000 (One Lakh) fully paid-up equity shares of the Company of face value Rs 10/- (Rupees Ten Only) each (“Equity Shares”), representing up to 0.86% of the total number of Equity Shares of the Company, from all the equity shareholders/beneficial owners of the Company who holds Equity Shares as on the record date i.e. Friday, June 16, 2017 (“Record Date”), on a proportionate basis, through the tender offer using stock exchange mechanism (“Tender Offer”), at a price of Rs 7,000/- (Rupees Seven Thousand Only) per Equity Share (“Buyback Price”) for an aggregate maximum amount of up to Rs 70,00,00,000/- (Rupees Seventy Crore Only) (“Buyback Size”) from July 13, 2017 to July 26, 2017.

 

Please Read : 
                    
Only customers of HDFC Securities Ltd who are registered with it for online trading & investment transactions and who are in the category of Resident Indians and HUFs and Non- Resident Indians through their PIS NRO account and PIS NRE account are allowed to bid/apply in Individual Category for the OTB Issues through HDFC Securities Ltd who have been intimated by the company to participate.

In case of lower modification the additional shares will be on hold till settlement. In case of Upper modification customer will have to place a new order for the additional shares.

Clients will be able to cancel the orders before the End Date of the Issue .Shares will be released post settlement cycle is done.

The shares quantity so blocked will be debited from my/our Demat account only at the time of settlement date. Until THE settlement date, the quantity will remain blocked in the Demat account. The blocked quantity will not be available for use by me/us.

Unaccepted shares quantity will be credited to my/our Demat account from Exchange as per settlement schedule.

Funds payout for OTB issue will be directly credited by Exchange in respective Bank Account. In case of failure of payout by exchange HDFC securities ltd will make the payout deducting the brokerage and statutory charges levied which will be the final payout to the customer. In case the exchange directly credits the funds payout successfully then HDFC securities ltd will debit the charges of Brokerage including all statutory charges as per contract note.

Funds payout process for Eligible NRI

In case of NRI customer, funds payout for OTB issues is received by HDFC Securities Ltd from the respective Exchanges. Post deduction of brokerage, statutory levies the same is credited to respective NRI customer’s relevant linked HDFC Bank account by HDFC bank after deducting the tds

Brokerage charged will be as per the brokerage on each customer account.

HDFC Securities Ltd is unable to block quantity my/our said Demat account my application will not be processed / sent to the Stock Exchange / Registrar to the Issue.

In case order placed by me gets rejected due to technical issue, or through depository, if any,HDFC Securities Limited or HDFC Bank will not be held liable for the same customer shall place a fresh order, if intend to apply in the issue.

HDFC Securities Ltd shall not be held responsible for non-acceptance of equity shares either fully or partly offered by me/us, for any reason whatsoever. HDFC Securities Ltd shall not be held responsible in case due to some reason the bid/application instruction sent by me/us is not received by it, or if the bid/application could not be uploaded to the Stock Exchange, or could not be sent to the Banker / Registrar to the issue.

Contract Note will be sent to the clients within 24hrs of the settlement date.

For More Queries Please the undersigned on 022-30750269 / 8454077775

 

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