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Anand Rathi Wealth Limited offers a share Buyback
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    Anand Rathi Wealth Limited offers a share Buyback

    07 June 2024

    Offer to back up to 3,70,000 (three lakh seventy thousand) fully paid-up equity shares (“equity shares”) of the face value of Rs. 5 (rupees five only) each of Anand Rathi Wealth Limited (“Company”), representing up to 0.88% of the total number of equity shares in the paid-up equity share capital of the company, from all eligible shareholders of the company as on Monday, June 03, 2024 (“record date”), on a proportionate basis, by way of a ‘tender offer’ process, for Rs. 4,450 (rupees four thousand four hundred and fifty only) per equity share, payable in cash, for an aggregate amount not exceeding Rs. 164,65,00,000 (rupees one hundred sixty-four crores and sixty-five lakhs only) excluding the transaction costs (the “buyback").

    Take note of the following schedule of activities about the Buyback:

    Buyback Opening Date
    Friday, June 07, 2024
    Buyback Closing Date
    Thursday, June 13, 2024
    Last date and time for receipt of the completed Tender Forms and other specified documents including physical share certificates (if and as applicable) by the Registrar to the Buyback
    Thursday, June 13, 2024, by 5.00 P.M.
    Last date of completion of settlement of bids by the Clearing Corporation on NSE and BSE*
    Friday, June 21, 2024