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 Jio Content Distribution Holdings Private Limited (“Seller 1”), Jio Internet Distribution Holdings Private Limited (“Seller 2”) and Jio Cable and Broadband Holdings Private Limited (“Seller 3”), being part of the promoter & promoter group of the Hathway Cable & Datacom Limited (“Hathway / Company”) (together referred to as the “Sellers”) propose to sell in aggregate up to 33,79,83,855 (Thirty three crore, seventy nine lakh eighty three thousand eight hundred and fifty five only) Equity Shares (“Sale Shares”) held by the Sellers in the Company, representing 19.09% of the total issued and paid-up equity share capital of the Company (“Offer”) on March 26, 2021 (“T Day”) (for non-retail Investors only) and on March 30, 2021 (“T+1 Day”) (Retail Investors and for Non-Retail Investors who choose to carry forward their un-allocated bids from T Day).
The Sale Shares are proposed to be sold through a separate, designated window of BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”) (BSE and NSE are together referred to as the “Stock Exchanges”), in accordance with A) The ‘Comprehensive Guidelines on Offer for Sale of Shares by Promoters through Stock Exchange Mechanism’ issued by the Securities and Exchange Board of India (“SEBI”) vide circular dated July 18, 2012, as amended and updated by 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/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”), read together with Section 21 of Chapter I of the ‘Master Circular for Stock Exchange and Clearing Corporation’, issued by SEBI vide its circular dated October 25, 2019 (together referred to as “SEBI OFS Circulars”); B) The ‘Revised Operational Guidelines for Offer For Sale (OFS) Segment’ issued by the BSE, vide its circular dated July 1, 2020 and to the extent applicable, the previous notices issued by BSE in this regard; and C) The ‘Offer for Sale-Introduction of Interoperability’ issued by NSE vide its circular dated June 30, 2020 and to the extent applicable, the previous notices issued by NSE in this regard.
The particulars of the above offer for sale are attached to this notice.
The floor price of the Offer shall be Rs. 25.25 (Rupees Twenty five and twenty five paise only) per Equity Share of the Company.
BSE will be Designated Stock Exchange for this 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
Listing Sales & Ops
March 25,2021
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