Trading and Custodian Members of the Exchange are requested to refer to notice nos. 20190118-43 dated January 18, 2019 and 20200701-27 dated July 01,2020, 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. SEBI/HO/MRD/DOPI/CIR/P/2018/159 dated December 28, 2018 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 Department of Telecommunications, Ministry of Communications, Government of India, is one of the promoters of Tata Communications Limited (the "Seller") proposes to sell up to 2,85,00,000 Equity Shares of the Company, (representing 10% of the total issued and paid up equity share capital of the Company) ("Base Offer Size") (held in dematerialized form in one or more demat accounts with the relevant depository participant), on March 16, 2021, (T day") (for non-Retail Investors only) and on March 17, 2021 ("T + 1 day") (for Retail Investors and for non-Retail Investors, including who choose to carry forward their unallocated bids) with an option to additionally sell 1,74,46,885 Equity Shares (representing 6.12% of the total issued, subscribed and fully paid up equity share capital of the Company) (the "Oversubscription Option" and in the event that the Oversubscription Option is exercised, the Equity Shares forming part of the Base Offer Size and the Oversubscription Option will represent 16.12% of outstanding Equity Shares of the Company, i.e. 4,59,46,885 Equity Shares, and will collectively, hereinafter be referred to as "Offer Shares" while in the event that such Oversubscription Option is not exercised, the Equity Shares forming part of the Base Offer Size will be referred to as "Offer Shares")through a separate, designated window ofthe BSE Limited (the BSE") and the National Stock Exchange of India Limited ("NSE", and together with the BSE, the "Stock Exchanges"), in accordance with and reference to Clause 5(b) ofthe circular number CIR/MRD/DP/18/2012 dated July 18, 2012 notified by the Securities and Exchange Board ofIndia ("SEBI") pertaining to comprehensive guidelines on offer for sale of shares by promoters through the stock exchange mechanism, as amended by circular number CIR/MRD/DP/04/2013 dated January 25, 2013, circular number CIR/MRD/DP/17/2013 dated May 30, 2013, circular number ClR/MRD/DP/24/2014 dated August 8, 2014, circular number CIR/MRD/DP/32/2014 dated December I, 2014, circular number CIR/MRD/DP/ 12/2015 dated June 26, 2015, circular number CTR/MRD/DP/36/2016 dated February 15, 2016, circular number CIR/MRD/DP/65/2017 dated June 27, 2017, and circular number SEBI/HO/MRD/DOPI/CIR/P/2018/159 dated December 28, 20 I 8 (the "SEBI OFS Circular"), read with Section 21 of Chapter 1 of the Master Circular for Stock Exchange and Clearing Corporation - circular no. SEBI/HO/MRD/DP/CIR/P/117 dated October 25, 2019 issued by SEBI (together with SEBI OFS Circular, the "SEBI OFS Circulars"), read with (a) "Revised Operational Guidelinesfor Offerfor Sale (OFS) Segment' issued by BSE by way of its notice bearing no. 20200701-27 and dated July 1, 2020 and, to the extent applicable, the previous notices issued by BSE in this regard; and (b) "Offerfor Sale - Introduction of Interoperability" issued by NSE by way ofits circular bearing no. 51/2020 and dated June 30, 2020 and, to the extent applicable, the previous circulars issued by NSE in this regard (together with the SEBI OFS Circulars, the "OFS Guidelines").
BSE is the Designated Exchange for the Offer for Sale.
The particulars of the above offer for sale are attached to this notice.
The floor price for the Offer shall be Rs. 1,161 (Rupees One thousand one hundred sixty one only) per Equity Share.
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.
Atul Dhotre
Senior Manager
Listing Sales & Ops
March 15, 2021
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