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| Exchange Disseminated Time 09/09/2019 20:57:33 | Reliance Capital Ltd (the “Seller”), one of the promoters of Reliance Nippon Life Asset Management Ltd (the “Company”),
proposes to sell up to 1,93,05,019 Equity Shares of face value of Rs. 10 each representing 3.15% of the total paid up Equity share capital of the Company ("Base Sale Shares/ "Base Offer Size" ), through a separate designated windows BSE Limited (the “BSE”) and the National Stock Exchange of India Limited (“NSE”, and together with the BSE, the “Stock Exchanges”) and in accordance with
- Date and time of the opening and closing of the Offer
The Offer shall take place over two trading days, as provided below:
For Non-Retail Investors: September 11, 2019 (“T day”)
The Offer shall take place during trading hours on a separate window of the Stock Exchanges on T day i.e. September 11,
2019, commencing at 9:15 a.m. and shall close at 3:30 p.m. Indian Standard Time on the same date.
On the T day, Non-Retail Investors may indicate their willingness to carry forward their unallotted bids to T+1 day (defined
below) for allocation to them in the unsubscribed portion of Retail Category (defined below).
Please note that only Non-Retail Investors shall be allowed to place their bids on T day, i.e. September 11, 2019.
For Retail Investors (defined below) and for Non-Retail Investors who choose to carry forward their bids: September 12, 2019
(“T+1 day”)
The Offer shall continue to take place on a separate window of the Stock Exchanges on T+1 day i.e. September 12, 2019,
commencing at 9:15 a.m. and shall close at 3:30 p.m. (Indian Standard Time) on the same date.
Please note that only Retail Investors (as 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.
(T day and T+1 day, collectively referred to as, “Sale Dates”)
- Floor Price : The Floor Price for the Offer shall be Rs. 262/- (Rupees Two Hundred and sixty two only) per Equity share. |
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