Trading and Custodian Members of the Exchange are requested to refer to notice nos. 20160218-33 dated February 18, 2016, detailing Revised Guidelines for Bidding in Offer for Sale (OFS) Segment. The above guidelines were issued by the Exchange with reference to Securities and Exchange Board of India (SEBI) circular no. CIR/MRD/DP/36/2016 dated February 15, 2016, regarding “Review of Offer for Sale (OFS) of Shares through Stock Exchange Mechanism”.
All Market Participants are hereby informed that, The President of India (acting through and represented by the Ministry of Power, Government of India, is the Promoter of NTPC Limited). The Promoter (the "Seller") proposed to sell up to 41,22,73,220 (5%) equity shares (Base Offer size) of the Company of face value of INR 10/- each, with an option to additionally sell up to 41,22,73,220 (5%) equity shares of the Company of face value of INR 10/- ("Oversubscription Option), on August 29, 2017 (for non-Retail Investors) and August 30, 2017 (for Retail Investors and for non-Retail Investors who choose to carry forward their bids) in accordance with SEBI circular no. CIR/MRD/DP/18/2012 dated July 18, 2012 regarding Comprehensive Guidelines for Offer for Sale of Shares by Promoters through the Stock Exchange Mechanism, as amended by SEBI circular no. CIR/MRD/DP/36/2016 dated February 15, 2016, SEBI circular no. CIR/MRD/DP/12/2015 dated June 26, 2015, SEBI circular no. CIR/MRD/DP/04/2013 dated January 25, 2013, SEBI circular no. CIR/MRD/DP/24/2014 dated August 8, 2014 and SEBI circular no. CIR/MRD/DP/31/2014 dated December 01, 2014. The particulars of the above offer for sale are attached to this notice.
The Floor Price for the Offer shall be INR 168/- (Rupees One Hundred and Sixty Eight Only) per equity share.
Further, upto 5% of the Equity Shares sold pursuant to the Offer (over and above the Offer Shares) may be offered to eligible and willing employees of the Company at a discount of upto 5% of the Cut-off Price subsequent to completion of the Offer. The employees will be eligible to apply for shares upto Rs. 2 (Two) Lakh each only. This offer shall be made in accordance with SEBI circular no. CIR/MRD/DP/65/2017 dated June 27, 2017.
BSE is the Designated Stock Exchange for the issue.
Market participants are further requested to note that the Exchange would disseminate the details of this Offer for Sale on BSE Website – www.bseindia.com.
Bhushan Mokashi
Additional General Manager
August 28, 2017 |