This is in continuation of the Exchange notice no. 20241125-9 dated November 25, 2024 for Offer, whereby Grid Equipments Private Limited, (the “Seller”), proposes to sell up to 1,40,00,000 Equity Shares of face value Rs. 2/- each of GE Vernova T&D India Limited (formerly GE T&D India Limited) (the “Company”) (representing 5.47 % of the paid up Equity Share capital of the Company) ("Base offer Size); on November 26, 2024 (“T Day”) (for Non-Retail Investors only) and on November 27, 2024 (“T+1 Day”) (for Retail Investors and for Non-Retail Investors from T Day, who choose to carry forward their un-allotted bids) (with an option to additionally sell up to 74,51,168 equity shares i.e., 2.91 % of the paid up equity share capital of the Company (the “Oversubscription Option”), (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 as “Offer Shares”, through a separate, designated window of the BSE and NSE (the “Stock Exchanges” and such offer hereinafter will be referred as the “Offer”.
In this regard, the Seller intimates the Stock Exchanges to exercise the Oversubscription Option to the extent of up to 74,51,168 equity shares i.e. 2.91 % of the paid-up equity share capital of the Company in addition to the Base Offer Size. Accordingly, the Total offer size will be 2,14,51,168 Equity Shares (representing 8.38% of the total paid up equity share capital of the Company) as on November 21, 2024. Consequently, 21,45,117 equity shares would be reserved for allocation to Retail Investors, on T+1 day i.e. November 27, 2024, subject to receipt of valid bids, as part of the Offer.
The copy of letter dated November 26, 2024 is attached for your reference.
Mangesh Tayde
Deputy General Manager
Listing Business Relationship
November 26, 2024 |