|
| Exchange Disseminated Time 23/01/2017 18:53:25 | The President of India (acting through the Ministry of Steel, Government of India) (the "Seller") has on January 23, 2017, announced its intention to sell up to 1,33,18,780 (Once Crore, thirty three lakhs, eighteen thousand, seven hundred eighty) equity shares of the Company of face value of INR 10 each, representing 10% of the total paid up equity share capital of the Company (the "Offer Shares"), on January 24, 2017, (for non-Retails Investors) and January 25, 2017 (for Retail Investors and non-Retails Investors who choose to carry forward their un-allotted bids) through a separate designated window of the Bombay Stock Exchange of India Ltd ("BSE") and the National Stock Exchange of India Ltd ("NSE") and together with BSE, (the "Stock Exchanges")
Date and time of the opening and closing of the offer :
For non-Retail Investors: January 24, 2017 ("T day")
The Offer shall take place on a separate window of the Stock Exchanges on the T day, commencing at 9.15 a.m.and shall close at 3:30 p.m (Indian Standard Time) on the same day. On the T day, non-Retail Investors may indicate their willingness to carry forward their un-allotted bids to T+1 day (defined below) for allocation to them in the unsubscribed portion of Retail Category (defined below).
Please note that only non-Retail Investors shall be allowed to place their bids on T day i.e. January 24, 2017 only.
Further, those non-Retail Investors who have placed their bids on T day and have chosen to carry forward their un-allotted bids to T+1 day, shall be allowed to revise their bids on T+1 day as per the OFS Guidelines.
For Retails Investors (defined below) : January 25, 2017 ("T+1 day")
The Offer shall continue to take place on separate window of the Stock Exchanges on T+1 day, commencing at 9.15 a.m. and shall close at 3.30 p.m. (Indian Standard Time) on the same day.
Please note that only Retail Investors (defined below) shall be allowed to place their bids only on T+1 day.
(T day and T+1 day, collectively referred to as "Offer Dates")
Floor Price:-
The floor price for the Offer shall be INR 365 (Rupees Three Hundred and Sixty Five Only) per equity share of the Company. |
|
|