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| Exchange Received Time 02/11/2017 09:45:07 Exchange Disseminated Time 02/11/2017 09:45:13 Time Taken 00:00:06 | Dear sirs,
Sub : Offer of equity shares to the eligible employees of NLC India Limited as per the Alternative Mechanism approval dated October 24, 2017 - Employee Offer for Sale ('Employee OFS').
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We write to inform you that in accordance with the approval given to the Alternative Mechanism approval dated 24th October,2017, the President of India, acting through Ministry of Coal, Government of India proposes to offer upto 38,21,421 equity shares of face value of Rs.10/- each of the Company to its eligible employees at a discounted price of Rs.89.90 per equity share i.e., price is at 5% discount to the cut-off price of Rs.94.60 discovered in the offer for sale of equity shares of the Company carried out by the President of India acting through Ministry of Coal, Government of India.
The offer under the Employee Offer for Sale shall remain open from 02.11.2017 (10:00 AM) to 04.11.2017(05:00 PM)(both days inclusive).
Thanking you |
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