Notice of Offer for Sale of Equity Shares of Pioneer Distilleries Ltd by United Spirits Ltd

• Security Code: 532432
• Company: UNITDSPR

United Spirits Ltd ("the Seller"), the promoter and holding Company of Pioneer Distilleries Ltd (the "Company") has informed BSE that "the Seller" propose to sell 15,20,067 equity shares of Rs. 10 each representing 11.35% of the equity share capital of the Company (the "Equity Shares") on September 24, 2014 exclusively through the Seller's broker through a sale on the separate window provided by BSE Limited (the "BSE") and the National Stock Exchange of India Limited (the "NSE") for this purpose, under the SEBI OFS Circular (the "Sale"). The Equity Shares are listed on BSE, NSE and Pune Stock Exchange Limited.

(a) Date and time of the opening of the Sale : September 24, 2014 at 9.15 a.m. Indian Standard Time
(b) Date and time of the closing of the Sale : September 24, 2014 at 3.30 p.m. Indian Standard Time

Date and time of the declaration of the floor price : The Seller shall provide the floor price (the "Floor Price") for the Sale on September 23, 2014 in a sealed envelope to the designated stock exchange after the closure of the trading hours of the Stock Exchanges but not later than 5 p.m. Indian Standard Time.