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NOTICES
Notice No.   20200921-42   Notice Date   21 Sep 2020
Category   Trading   Segment   Equity
Subject   Opening of Offer for Sale for Glance Finance Ltd
Attachments   Notice for Offer for Sale.pdf ;
Content

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, Mr.  Narendrakumar Sardarsingh Karnavat ("the Seller") a part of the promoter/ promoter group of Glance Finance Limited ("the Company") has proposed to sell an aggregate of 35,878 (1.590407%) Equity Shares of face value Rs. 10/- each of the Company on Wednesday, 23 September, 2020 (for Non Retail  Investor) and on Thursday, 24 September, 2020 (for Retail Investor and for Non Retail Investor who choose to carry forward their bids) exclusively through the stock broker through a sale on the separate window provided by the BSE Ltd. ("the Stock Exchange"). The OFS is undertaken in accordance with and pursuant to with Clause 5(b) of the SEBI Circular No. CIR/MRD/DP/18/2012 dated July 18, 2012 and further amendments vide Circular 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/31/ 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 CIR/MRD/DOPI/CIR/P/2018/159 dated December 28, 2018 ("SEBI OFS Circulars") issued by Securities and Exchange Board of India (SEBI) pertaining to comprehensive guidelines on Offer for Sale through Stock Exchange mechanism.

 

The Floor Price for the Offer shall be Rs. 45/- (Rupees Forty Five Only).

 

 

OFS is conducted Exclusively on BSE platform.

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