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Vardhman Acrylics Limited – INDIA – Buyback

Vardhman Acrylics Limited – Tender Offer Stock quotes may be delayed unless otherwise stated SUMMARY POTENTIAL BUYBACK ANNOUNCEMENT N/A TENDER OFFER ANNOUNCEMENT On October 22, 2016, Vardhman Acrylics Limited (NSEI:VARDHACRLC) announced a tender offer to buyback 13.80 million shares at a buyback price of INR 50.00 per share. This represents a spread of 0.9% over the market price of INR 49.55 per share, as of the announcement date. The proposed buyback shares represents 14.84% of the total…