NATIONAL ALUMINIUM CO.LTD. - Notice of Offer for Sale of Shares by Promoter & Floor Price
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| 18 Apr 2017 | |
| The President of India, acting through and represented by the Ministry of Mines, Government of India is the promoter of National Aluminium Company Limited (the "Promoter"). The Promoter ("Seller") proposes to sell up to 9,66,46,444 (5%) equity shares of the face value of INR 5 each with an additional option to sell up to 9,66,46,444 (5%) equity shares of the Company (Offer Shares) on April 19, 2017 (for non-Retail Investors only) and on April 20, 2017 (for Retail Investors and for non-Retail Investors who choose to carry forward their un-allotted bids) through a separate, designated window of the BSE Limited (the BSE) and the National Stock Exchange of India Limited (NSE, and together with BSE, the Stock Exchanges), collectively representing 10% of the total paid up equity share capital of the Company as on March 31, 2017.<BR><BR>Date & Time of the opening and closing of the offer: <BR><BR>- For non-Retail Investors: April 19, 2017 ("T day")<BR><BR>The Offer shall take place on a separate window of the Stock Exchanges on the T day i.e. April 19, 2017 commencing at 9:15 a.m. and shall close on the same day at 3:30 p.m. Indian Standard Time. On the T day, non-Retail Investors may indicate their willingness to carry forward their un-allotted bids to T+1 day (defined below) for allocation to them in the unsubscribed portion of Retail Category (defined below).<BR><BR>Further note that only non-Retail Investors shall be allowed to place their bids on T day, i.e. April 19, 2017.<BR><BR>- For Retail Investors ("defined below") and non-retail Investors who choose to carry forward their un-allotted bids: April 20, 2017 ("T+1 day")<BR><BR>The Offer shall continue to take place during trading hours on a separate window of the Stock Exchanges on T+1 day (T+1 day being April 20, 2017) commencing at 9:15 a.m. and shall close on the same date at 3:30 p.m. Indian Standard Time.<BR><BR>Retail Investors (defined below) shall be allowed to place their bids and revise their bids only on 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.<BR><BR>(T day and T+1 day, collectively referred to as "Offer Dates")<BR><BR>- Floor Price : The Floor Price for the Offer shall be INR 67/- (INR Sixty Seven Only). | |
| View all announcements for NATIONAL ALUMINIUM CO.LTD. | Source: BSE India |
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