AI assistant
Quick Heal Technologies Limited — Transaction in Own Shares 2021
Mar 13, 2021
60974_rns_2021-03-13_96df33a6-45c4-4d34-b9bc-1f90a1c2944a.pdf
Transaction in Own Shares
Open in viewerOpens in your device viewer
Quick Heal Technologies Ltd.
Sssss
Regd. Office: Marvel Edge, Office No. 7010 C & D, 7th Floor, Opposite Neco Garden Society, Viman Nagar, Pune 411014. Tel: +91 20 66813232 | Email: [email protected] CIN - L72200MH1995PLC091408
Ref No.: QHTL/Sec/SE/2020-21/63
March 13, 2021
The Manager, The Manager, Corporate Services, Corporate Services, BSE Limited, National Stock Exchange of India Limited, 14th floor, P J Towers, Dalal Street, Exchange Plaza, Bandra Kurla Complex, Mumbai – 400 001 Bandra (E), Mumbai – 400 051 Security ID: QUICKHEAL Symbol: QUICKHEAL Security Code: 539678 Series: EQ
Sub: Intimation regarding promoter’s intention to participate in the Buyback
Dear Sir,
This is in continuation of our intimation dated March 10, 2021 with regard to the approval granted by the board of directors of the Company for the proposed buyback of up to 6,326,530 Equity Shares of ₹ 10/- each aggregating up to 9.85% of the total paid up equity share capital of the Company, at ₹ 245/- per Equity Share of the Company (“ Buyback ”), on a proportionate basis through a tender offer pursuant to the Companies Act, 2013 and the SEBI (Buy-back of Securities) Regulations, 2018 (“ Buyback Regulations ”).
In terms of the Buyback Regulations, under the tender offer route, the promoters have the option to participate in the Buyback. We would like to inform that the promoters of the Company have communicated their intention to participate in the Buyback and offer up to an aggregate maximum of 46,06,978 Equity Shares.
The Buyback is subject to approval of the shareholders by means of special resolution through a postal ballot and electronic voting. The public announcement setting out the process, timelines and other requisite details regarding the Buyback will be released in due course in accordance with the Buyback Regulations.
As permitted, this letter is being submitted under Sd/- mode due to work from home as per the Government advisory on Covid-19 and as a part of safety measure.
Please acknowledge receipt of this intimation.