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| Exchange Disseminated Time 24/10/2017 17:12:58 | The President of India, acting through and represented by the Ministry of Coal, Government of India (the “Promoter”), is the promoter of NLC India Ltd ("the Company") has submitted to BSE a copy of Notice of Offer to sell up to 4,58,57,053 (3%) equity shares of the face value of Rs. 10/- each ("Base Offer Size”) on October 25, 2017 ("T day") (for non-Retail Investors only) and on October 26, 2017 (“T+1 day') (for Retail Investors and for non-Retail Investors who choose to carry forward their un-allotted bids) with an option to additionally sell up to 3,05,71,368 (2%) equity shares of the Company (the “Oversubscription Option” and in the event the Oversubscription Option is exercised, the equity shares forming part of the Base Offer Size and the Oversubscription Option will, collectively, hereinafter be referred to as “Offer Shares”. In case the Oversubscription Option is not exercised, the equity shares of the Company forming part of the Base Offer Size will hereinafter be referred to as "Offer Shares") through a separate, designated window of the BSE Limited (the "BSE ) and the National Stock Exchange of India Limited ("NSE", and together with the BSE, the "Stock Exchanges”), collectively representing 5% of the total paid up equity share capital of the Company on June 30, 2017 (held in dematerialized form in one or more demat accounts with the relevant depository participant), in accordance with the SEBI OFS Circulars and the applicable notices and circulars issued by the BSE and NSE, from time to time, in this regard (such offer for sale hereinafter referred to as the “Offer”).
The Offer shall be undertaken exclusively through the Seller's Brokers named below on a separate window provided by the Stock Exchanges for this purpose.
Date and time of the opening and closing of the Offer:
- For non-Retail Investors: October 25, 2017 (“T day”)
The Offer shall take place during trading hours on a separate window of the Stock Exchanges on T day i.e. October 25, 2017, commencing at 9:15 a.m. and shall close on the same date at 3:30 p.m. Indian Standard Time. On 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).
Only non-Retail Investors shall be allowed to place their bids on T day, i.e. October 25, 2017.
For Retail Investors (as defined below) and non-retail category bids who choose to carry forward their bids: October 26, 2017 (“T+1 day”)
The Offer shall continue to take place during trading hours on a separate window of the Stock Exchanges on T+1 (T+1 being October 26. 2017) commencing at 9:15 a.m. and shall close on the same date at 3:30 p.m. Indian Standard Time.
Retail Investors (as defined below) shall be allowed to place their bids and revise their bids only on T+1 day. Further, those non-Retail investors who have placed their bids on T day and have chosen to carry forward their bids to T+1 day. shall be allowed to revise their bids on T+1 day as per the SEBI OFS Circulars.
- Date and time of declaration of floor price ("Floor Price”)
The floor price of the Offer shall be Rs. 94/- (Rupees Ninety Four only) per equity share of the Company. |
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