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, AION Investments Private II Limited (the “Seller”), one of the promoters of JSW Ispat Special Products Limited (formerly known as Monnet Ispat & Energy Limited) ("The Company") proposes to sell up to 99,461,544 Equity Shares (the “Offer Shares”), in aggregate representing 21.18% of the total issued and paid-up Equity Share capital of the Company on June 15, 2021 (“T Day”) (for non-retail investors only) and on June 16, 2021 (“T+ 1 Day”) (for retail investors and for non-retail investors who choose to carry forward their un-allotted bids), through the separate designated window of BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE” and together with BSE, the “Stock Exchanges”), and in accordance with the “Comprehensive Guidelines on Offer for Sale (OFS) of Shares by Promoters through the Stock Exchange Mechanism” issued by the Securities and Exchange Board of India (“SEBI”) by way of its circular bearing no. CIR/MRD/DP/18/2012 and dated July 18, 2012, as amended by other circulars issued by SEBI from time to time, including circulars bearing number CIR/MRD/DP/04/2013 dated January 25, 2013, bearing number CIR/MRD/DP/17/2013 dated May 30, 2013, bearing number CIR/MRD/DP/24/2014 dated August 8, 2014, bearing number CIR/MRD/DP/32/2014 dated December 1, 2014, bearing number CIR/MRD/DP/12/2015 dated June 26, 2015, bearing number CIR/MRD/DP/36/2016 dated February 15, 2016, bearing number CIR/MRD/DP/65/2017 dated June 27, 2017 and bearing number SEBI/HO/MRD/DOPI/CIR/P/2018/159 dated December 28, 2018 (the “OFS Circular”), read with Section 21 of Chapter 1 of the “Master Circular for Stock Exchange and Clearing Corporation” issued by SEBI by way of its circular bearing no. SEBI/HO/MRD/DP/CIR/P/117 and dated October 25, 2019, as amended (the “OFS Master Circular”, and together with the OFS Circular, the “SEBI OFS Circulars”), read with (a) the “Revised Guidelines for Bidding in Offer for Sale (OFS) Segment” issued by BSE by way of its notice bearing no. 20200701-27 dated July 1, 2020 and, to the extent applicable, the previous notices issued by BSE in this regard; and (b) the “Offer of Sale – Introduction of Interoperability” issued by NSE by way of circular bearing no. 51/2020 dated June 30, 2020 and, to the extent applicable, the previous circulars issued by NSE in this regard (the “Sale”)
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. 27/-(Rupees Twenty Seven 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
June 14, 2021
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