Notice No.   20171024-18   Notice Date   24 Oct 2017
Category   Trading   Segment   Equity
Subject   Opening of Offer for Sale for NLC India Limited
Attachments   Notice OFS.pdf ;

Trading and Custodian Members of the Exchange are requested to refer to notice nos. 20160218-33 dated February 18, 2016, detailing Revised Guidelines for Bidding in Offer for Sale (OFS) Segment. The above guidelines were issued by the Exchange with reference to Securities and Exchange Board of India (SEBI) circular no. CIR/MRD/DP/36/2016 dated February 15, 2016, regarding “Review of Offer for Sale (OFS) of Shares through Stock Exchange Mechanism”.

All Market Participants are hereby informed that, The President of India (acting through and represented by the Ministry of Coal, Government of India, is the Promoter of NLC India Limited). The Promoter (the "Seller") proposed to sell up to 4,58,57,053 (3%) equity shares of the of face value of Rs. 10/- each (“Base Offer size”), on October 25, 2017 ("T day") (for non-Retail Investors only) and on October 26, 2017 ("T +1 day") (for Retail Investors and for non-Retail Investors who choose to carry forward their un-allotted bids) with an option to additionally sell up to 3,05,71,368 (2%) equity shares of the Company (the "Oversubscription Option" and in the event the Oversubscription Option is exercised, the equity shares forming part of the Base Offer Size and the Oversubscription Option will, collectively, hereinafter be referred to as "Offer Shares". In case the Oversubscription Option is not exercised, the equity shares of the Company forming part of the Base Offer Size will hereinafter be referred to as "Offer Shares") through a separate, designated window of the BSE Limited (the "BSE") and the National Stock Exchange of India Limited ("NSE", and together with the BSE, the "Stock Exchanges"), collectively representing 5% of the total paid up equity share capital of the Company on June 30, 2017 (held in dematerialized form in one or more demat accounts with the relevant depository participant), in accordance with SEBI circular no. CIR/MRD/DP/18/2012 dated July 18, 2012 regarding Comprehensive Guidelines for Offer for Sale of Shares by Promoters through the Stock Exchange Mechanism, as amended by SEBI circular no. CIR/MRD/DP/36/2016 dated February 15, 2016, SEBI circular no. CIR/MRD/DP/12/2015 dated June 26, 2015, SEBI circular no. CIR/MRD/DP/04/2013 dated January 25, 2013, SEBI circular no. CIR/MRD/DP/24/2014 dated August 8, 2014 and SEBI circular no. CIR/MRD/DP/31/2014 dated December 01, 2014. The particulars of the above offer for sale are attached to this notice.

The Floor Price for the Offer shall be Rs. 94/- (Rupees Ninety Four Only) per equity share.

Further up to 5% of the Equity Shares sold pursuant to the Offer (over and above the Offer Shares) may be offered to eligible and willing employees of the Company at a discount of 5% to the Cut-off Price subsequent to completion of the Offer, in SEBI circular CIR/MRD/DP/65/2017 dated June 27. 2017. The employees will be eligible to apply for Equity Shares up to Rs. 200,000 only. Provided that in the event of under-subscription in the employee portion, the unsubscribed portion may be allotted on a proportionate basis, for a value in excess of two lakhs rupees, subject to the total allotment to an employee not exceeding Rs. 500,000. This offer shall be made in accordance with SEBI circular no. CIR/MRD/DP/65/2017 dated June 27, 2017.

BSE is the Designated Stock Exchange for the issue.

Market participants are further requested to note that the Exchange would disseminate the details of this Offer for Sale on BSE Website –


Bhushan Mokashi

Additional General Manager

October 24, 2017