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, ICICI Bank Limited (the “Seller”) proposes to sell up to an aggregate of 1,43,55,550 equity shares of ICICI Prudential Life Insurance Company Limited (the “Company”) (representing 1.00% of the equity share capital of the Company) with an option to sell up to additional 1,43,55,550 (representing 1.00% of the equity share capital of the Company), of face value of Rs. 10 each of the Company (the “Equity Shares”), on the separate window provided by the stock exchanges for this purpose (such sale referred to hereinafter as the “Sale”), 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”), and 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. 390/- (Rupees Three Hundred and Ninety Only) per equity share.
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 – www.bseindia.com.
Girish Joshi
Senior General Manager
June 13, 2018 |