Trading and Custodian Members of the Exchange are requested to refer to notice nos. 20190118-43 dated January 18, 2019 and 20200701-27 dated July 01,2020, 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. SEBI/HO/MRD/DOPI/CIR/P/2018/159 dated December 28, 2018 regarding “Review of Offer for Sale (OFS) of Shares through Stock Exchange Mechanism”.
All Market Participants are hereby informed that, Southern Petrochemical Industries Corporation Limited (“Seller I”), Twinshield Consultants Private Limited (“Seller II”) and South India Travels Pvt Ltd (“Seller III”) (together the “Sellers”), a part of the promoter group of Tuticorin Alkali Chemicals & Fertilisers Ltd (the “Company”), being the selling promoter member proposes to sell up to 18,943,241 equity shares of face value of Rs. 10/- each (the “Seller I Offer Shares”), 3,000,000 equity shares of face value of Rs. 10/- each (the “Seller II Offer Shares”) and 400,000 equity shares of face value of Rs. 10/- each (the “Seller III Offer Shares”) respectively, (the Seller I Offer Shares, Seller II Offer Shares and Seller III Offer Shares are hereinafter collectively referred to as the “Offer Shares”) representing 15.55%, 2.46% and 0.33% of the total paid equity share capital of the Company, respectively (aggregating to 22,343,241 equity shares representing 18.34% of the total paid up equity share capital of the Company on September 22, 2020 (Non Retail Investors Only ) and September 23, 2020 (Retail Investors and for allocation to the unalloted investors in the Non retail category choosing to carry forward their bids to T+1 Day) ) through a sale on the separate window provided by BSE Limited (the “BSE”) in accordance with the (i) SEBI OFS Circular (ii) “Revised Comprehensive modified Guidelines for Bidding in Offer for Sale (OFS) Segment” issued by BSE through its Notices, notice no. 20190118-43 dated January 18, 2019, notice no. 20160218-33 dated February 18, 2016, notice no. 20150702-28 dated July 2, 2015, and, to the extent applicable, the previous notices issued by the BSE in this regard, including notice no. 20150122-30 dated January 22, 2015, notice no. 20140902-33 dated September 2, 2014, notice no. 20130129-23 dated January 29, 2013, notice no. 20120727-26 dated July 27, 2012, notice no. 20120228-30 dated February 28, 2012 and notice no. 20120222-34 dated February 22, 2012; (the “Offer”).
The Floor Price for the Offer shall be Rs. 6.75/- (Rupees Six and Seventy Five Paise Only)
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.
Bhushan Mokashi
Additional General Manager
September 21,2020
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