Trading and Custodian Members of the Exchange are requested to refer to notice nos. 20190118-43 dated January 18, 2019, 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, that the Sellers proposes to sell upto an aggregate of 25,71,429 equity shares (Base Sale Shares or Base Offer Size) held by the Sellers in the GMM Pfaudler Limited (Company) on September 22, 2020 (“T Day”) (for non-Retail Investors only) and on September 23, 2020 (“T+1 Day”) (for Retail Investors and for un-allotted non-Retail Investors from T Day, who choose to carry forward their bids), with an option to additionally sell up to 15,21,671 equity shares (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 represent 40,93,100 equity shares, of face vale Rs 2/- each, hereinafter be referred to as the “Sale Shares”, but in the event the Oversubscription Option is not exercised, the equity shares forming part of the Base Offer Size will hereinafter be referred to as the “Sale Shares”), through a separate, designated window of BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE” and together with BSE, the “Stock Exchanges”), and in accordance with the “Comprehensive Guidelines on Offer for Sale (OFS) of Shares by Promoters through the Stock Exchange Mechanism” issued by the Securities and Exchange Board of India (the “SEBI”) through its circular no. CIR/MRD/DP/18/2012 dated July 18, 2012 as amended by circulars nos. CIR/MRD/DP/04/2013 dated January 25, 2013, CIR/MRD/DP/17/2013 dated May 30, 2013, CIR/MRD/DP/24/2014 dated August 8, 2014, CIR/MRD/DP/32/2014 dated December 1 2014, CIR/MRD/DP/12/2015 dated June 26, 2015, CIR/MRD/DP/36/2016 dated February 15, 2016, CIR/MRD/DP/65/2017 dated June 27, 2017 and SEBI/HO/MRD/DOPI/CIR/P/2018/159 dated December 28, 2018 (the “OFS Circular”), and section 21 of chapter 1 of the “Master Circular for Stock Exchange and Clearing Corporation” issued by the SEBI through its circular no. SEBI/HO/MRD/DP/CIR/P/117 dated October 25, 2019 (the “OFS Master Circular”, and together with the OFS Circular, the “SEBI OFS Circulars”); “Revised Guidelines for Bidding in Offer for Sale (OFS) Segment” issued by BSE through its notice no. 20190118-43 dated January 18, 2019 and, to the extent applicable, the previous notices issued by BSE in this regard; “Revised scheme - Offer for Sale through Exchange Platform” issued by NSE through its circular no. 23/2020 dated February 19, 2020, and, to the extent applicable, the previous circulars issued by NSE in this regard, (collectively referred to as the “Sale”) and The particulars of the above offer for sale are attached to this notice.
The Floor Price for the Offer shall be Rs. 3500/- (Rupees Three Thousand Five Hundred only) per Equity Share of the Company
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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