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| Exchange Disseminated Time 05/11/2024 18:46:22 | President of India (acting through the Ministry of Mines, Government of India) (the "Seller") has informed BSE that the Seller proposes to sell up to 5,28,16,488 equity shares of face value of INR. 2 each of Hindustan Zinc Ltd. (representing 1.25% of the total paid-up equity share capital of the Company) ("Base Offer Size"), on Wednesday, November 06, 2024 ("T day"), (for non-Retail Investors only) and on Thursday, November 07, 2024 ("T+1 day") (for Retail Investors and non-Retail Investors who choose to carry forward their un-allotted bids) with an option to additionally sell 5,28,16,487 (1.25%) 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 represent 10,56,32,975 (2.50%) of the outstanding equity shares of the Company, 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 BSE Limited (the "BSE") and the National Stock Exchange of India Limited (the "NSE" and together with BSE, the "Stock Exchanges" and such offer hereinafter referred as the "Offer").
Date and time of the opening and closing of the offer :
The Offer shall take place over two trading days as given below:
1. For Non-Retail Investors: Wednesday, November 6, 2024 ("T Day")
The Offer shall take place on a separate window of the Stock Exchanges on the T day, i.e., Wednesday, November 06, 2024 commencing at 9:15 a.m. (Indian Standard Time) and shall close at 3:30 p.m. (Indian Standard Time) on the same day.
Non-Retail Investors who have placed their bids on T Day, may indicate their willingness to carry forward their un-allotted bids to 1+1 day (defined hereinafter) 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., Wednesday, November 06, 2024.
2. For Retail Investors (defined hereinafter), and for Non-Retail Investors, who chose to carry forward their un-allotted bids to T+1 day, i.e., Thursday, November 07, 2024
The Offer shall continue to take place during trading hours on a separate designated window of the Stock Exchanges on T+1 day (T+1 day being Thursday, November 07, 2024) commencing at 9:15 a.m. (Indian Standard Time) and shall close at 3:30 p.m. (Indian Standard Time) on the same date.
Please note that only Retail Investors shall be allowed to place and revise their bids on T+ 1 day. Further, those non-Retail Investors who have placed their bids on T day and have chosen to carry forward their un-allotted bids to day, shall be allowed to revise their bids on T+ 1 day in accordance with the SEBI OFS Circulars.
(T day and T+1 day, together referred to as "Offer Dates").
Floor Price :
The floor price for the Offer shall be INR 505 per Equity Share. |
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