CHENNAI, India, September 19, 2018 /PRNewswire/ --
This notice is not an offer to purchase or a solicitation of an offer to sell Equity Shares in any jurisdiction.
Redington (India) Ltd. (the "Company") hereby announces that the Company's Board of Directors, in its meeting held on September 17, 2018, has approved an offer to buy back up to 11,120,000 fully paid-up Equity Shares at a price of Rs. 125 per Equity Share on a proportionate basis through a tender offer (the "Buy-back"). The Company's public announcement relating to the Buy-back was published today in India in an English national daily newspaper, a Hindi national daily newspaper, and a regional language daily newspaper, all with wide circulation in the city of Chennai, India. The public announcement has also been made available on the websites of the Securities and Exchange Board of India ("SEBI"), the National Stock Exchange of India Limited and the BSE Limited. Detailed information about the Buy-back will be available in the letter of offer which will be dispatched along with the tender forms to all shareholders of the Company as of September 28, 2018. The letter of offer will also be available on the official website of the SEBI.
SPL Guindy House
95, Mount Road, Guindy
Chennai, Tamil Nadu - 600032, India.
SOURCE Redington (India) Ltd.