GE T&D INDIA LTD - Upates on Notice of Notice of Offer for Sale of Shares by Promoters

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GE T&D India Ltd - Upates on Notice of Notice of Offer for Sale of Shares by Promoters

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19 Sep 2024
With reference to earlier announcement dated September 18, 2024 regarding "Notice of Offer for Sale of Shares by Promoters & Floor Price", Grid Equipments Private Limited and GE Grid Alliance B.V. (Formerly Alstom Grid Holding B V) (the "Seller") has informed BSE as under:<BR><BR>"We refer to the Notice sent by 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 18,169,612 and up to 11,830,388 equity shares, respectively, of face value of . 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 6,056,537 and up to 3,943,463 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').<BR><BR>In this connection, we wish to intimate the Stock Exchanges of our intention to exercise the Oversubscription Option. Accordingly, the total Offer size will be up to 40,000,000 equity shares of the Company. Consequently, 4,000,000 equity shares of the Company, would be reserved for allocation to Retail Investors, subject to receipt of valid bids, as part of the Offer.<BR><BR>All capitalised terms not defined in this intimation letter shall have the same meanings as ascribed to them in the Notice filed with the Stock Exchanges."
View all announcements for GE T&D India Ltd	Source: BSE India

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