Corporate Announcement
Security Code : 533278    Company : COALINDIA    
 
Notice of Offer for Sale of Shares by Promoter & Floor PriceDownload PDF
  Exchange Disseminated Time     30/10/2018 17:24:29
The President of India, acting through and represented by the Ministry of Coal, Government of India (the "Seller") has submitted to BSE a copy of Notice of Offer for sale up to 18,62,22,275 (3%) equity shares of face value of Rs. 10 each of Coal India Ltd (the "Company") (“Base Offer Size”), on October 31, 2018 (“T day”), (for non-Retail Investors only) and on November 01, 2018 (“T+1 day”) (for Retail Investors and non-Retail Investors who choose to carry forward their unallotted bids) with an option to additionally sell 37,24,44,550 (6%) equity shares of the Company (the “Oversubscription Option” and in 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 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 (the “NSE” and together with BSE, the “Stock Exchanges”, collectively representing 9% of the total paid up equity share capital of the Company on October 30, 2018, and such offer hereinafter referred as the “Offer”).

- Date and time of the opening and closing of the offer:

The Offer shall take place on a separate window of the Stock Exchanges on October 31, 2018 ("T" day) and November 01, 2018 ("T+1"day). from 9:15 a.m. to 3:30 p.m. (Indian Standard Time) on both days, as per details given below.

For non-Retail Investors:

1. October 31, 2018 (Tday): Non-Retail Investors can place their bids only on the T day. While placing their bids the 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);

2. November 01, 2018 (T+1 day):Such 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 Retail Investors (defined below)

1. November 01, 2018 (T+1day):Retail Investors shall be allowed to place their bids only on T+1 day.

- Floor Price:

The floor price for the Offer shall be INR 266 (Indian Rupees Two Hundred and Sixty-Six) per equity share of the Company.
 

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