This is in continuation of the Exchange notice no.20240918-13 dated 18 September, 2024 for Offer, (The “Sellers”), Grid Equipments Private Limited and GE Grid Alliance B.V. (formerly Alstom Grid Holding B V), to BSE Limited and National Stock Exchange of India Limited (together the “Stock Exchanges”), whereby the Sellers, Grid Equipments Private Limited and GE Grid Alliance B.V. (formerly Alstom Grid Holding B V) proposed to sell up to 1,81,69,612 and up to 1,18,30,388 equity shares, respectively, of face value of Rs.2 each of the Company (representing 7.1% and 4.6% of the total paid-up equity share capital of the Company, respectively) (“Base Offer Size”), on September 19, 2024 (“T day”) (for Non-Retail Investors only) and on September 20, 2024 (“T+1 day”) (for Retail Investors and Non-Retail Investors, who choose to carry forward their un-allotted bids from T day), with an option by the Sellers to additionally sell up to 60,56,537 and up to 39,43,463 of the Company, respectively (representing 2.4% and 1.5% of the total paid-up equity share capital of the Company, respectively) (the “Oversubscription Option”), collectively, hereinafter be referred to as “Offer Shares”, through a separate designated window of the Stock Exchanges (such offer hereinafter referred as the “Offer”).
In this regard, the Seller intimates the Stock Exchanges to exercise the Oversubscription Option. Consequently, 40,00,000 equity shares of the Company, would be reserved for allocation to Retail Investors on T+1 day i.e. September 20, 2024 , subject to receipt of valid bids, as part of the Offer.
The copy of letter dated September 19, 2024 is attached for your reference.
Mangesh Tayde
Deputy General Manager
Listing Business Relationship
September 19, 2024 |