Transchem Ltd - Buyback

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 Priyanka Finance Private Limited (“Acquirer”) along with Mr. Vijay Choraria (“PAC”) in his capacity as the person acting in concert Open Offer have made an Open offer  (the “Offer” or “Open Offer”)  to acquire 31,82,400 (Thirty One Lakh Eighty Two Thousand Four Hundred) fully paid-up equity shares of Rs 10/- each representing 26% of fully paid-up equity share capital and voting capital of Transchem Limited (“Target Company”), at a Revised Offer Price of Rs 34.85 (Rupees Thirty Four and Paisa Eighty Five Only) per fully paid-up equity share payable in cash pursuant to Regulations 3(1) and 4 of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto (“SEBI (SAST) Regulations, 2011”) from July 21, 2017 to August 03, 2017.
 
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.

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