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BHARAT ELECTRONICS LTD. - Notice of Offer for Sale of equity shares by Promoter & Floor Price
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21 Feb 2017
The President of India, Promoter (acting through the Ministry of Defence, Government of India) (the Seller) has submitted to the BSE a copy of Offer for Sale of Equity shares proposes to sell up to 1,11,68,139 equity shares of the Company, on February 22, 2017 (for non-Retail Investors) and February 23, 2017 (for Retail Investors and for non-Retail Investors who choose to carry forward their bids), through a separate, designated window of the BSE Limited (the BSE) and the National Stock Exchange of India Limited (the NSE and together with BSE, the Stock Exchanges).&lt;BR&gt;&lt;BR&gt;Date and time of the opening and closing of the offer :&lt;BR&gt;&lt;BR&gt;For non-Retail Investors: February 22, 2017 (&quot;T&quot;)&lt;BR&gt;&lt;BR&gt;The Offer shall take place on a separate window of the Stock Exchanges on T day, commencing at 9:15 a.m. and shall close at 3:30 p.m. (Indian Standard Time) on the same date. On the T+1 day, non-Retail Investors may indicate their willingness to carry forward their bids to T+1 day (defined below).&lt;BR&gt;&lt;BR&gt;Please note that only non-Retail Investors shall be allowed to place their bids on T day, i.e. February 22, 2017.&lt;BR&gt;&lt;BR&gt;For Retail Investors (defined below) and for non-Retail Investors who choose to carry forward their bids: February 23, 2017 (&quot;T+1&quot;)&lt;BR&gt;&lt;BR&gt;The Offer shall continue to take place on a separate window of the Stock Exchanges on T+1 day, commencing at 9:15 a.m. and shall close at 3:30 p.m. (Indian Standard Time) on the same date.&lt;BR&gt;&lt;BR&gt;Please note that only Retail Investors (defined below) shall be allowed to place their bids only on the T+1 day. Further, those non-Retail investors who have placed their bids on T day and have Chosen to carry forward their bids to T+1 day, shall be allowed to revise their bids on T+1 day as per the SEBI OFS Circulars.&lt;BR&gt; &lt;BR&gt;(T day and T+1 day, collectively referred to as, &quot;Offer Dates&quot;)&lt;BR&gt;&lt;BR&gt;Floor Price : The Floor Price for the Offer shall be INR 1,498 (Indian Rupees One Thousand Four Hundred and Ninety Eight only) per equity share.
View all announcements for BHARAT ELECTRONICS LTD. Source: BSE India

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