Corporate Announcement
Security Code : 533286    Company : MOIL    
 
Intimation Of The Proposed Employee Offer By Government Of India Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.
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  Exchange Received Time  18/07/2017 16:02:44         Exchange Disseminated Time   18/07/2017 16:02:49              Time Taken   00:00:05
In terms of Cabinet Committee of Economic Affairs (CCEA) decision dated 16 January 2015, it has been decided by Government of India to offer upto 6,65,939 equity shares of face value of Rs. 10/- each of MOIL Limited ('MOIL') to the Eligible Employees of MOIL ('Offer') at a discounted price of Rs. 346.75 (this price is at 5% discount to the cut off price of Rs. 365 discovered in the Offer for Sale of shares of MOIL carried out by Government of India on 24 & 25 January 2017).

The minimum and maximum number of equity shares which can be applied for by eligible employees is 10 and 576 equity shares, respectively.

The offer shall be open from 19/07/2017 to 27/07/2017 (both days inclusive)

 

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