| Opening of Offer for Sale for Mac Charles (India) Limited |
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 Embassy Property Developments Private Limited and Jitendra Mohandas Virwani (hereinafter referred to as ‘the Sellers’), being part of the promoter group of Mac Charles (India) Limited (“the Company”) proposes to sell an aggregate of 8,72,900 (Eight Lacs Seventy Two Thousand Nine Hundred) equity shares of face value Rs. 10/- each representing 6.663% of the total paid up equity share capital of the Company on Wednesday, February 27, 2019 (‘T’ day) (for Non-Retail lnvestors only) and February 28, 2019 (‘T+1’ day) (for Retail lnvestors and Non-Retail Investors who choose to carry forward their un-allotted bids) through a sale on the separate window provided by BSE Limited in accordance with SEBI circular no. CIR/MRD/DP/18/2012 dated July 18, 2012, circular no. CIR/MRD/DP/04/2013 dated January 25, 2013, circular no. CIR/MRD/DP/17/2013 dated May 30, 2013, circular no. CIR/MRD/DP/24/2014 dated August 08, 2014, Circular no. CIR/MRD/DP/32/2014 dated December 01, 2014, CIR/MRD/DP/12/2015 dated June 26, 2015, CIR/MRD/SP/36/2016 dated February 15, 2016 and SEBI/HO/MRD/DOPI/CIR/P/2018/159 dated December 28, 2018. The particulars of the above offer for sale are attached to this notice.
The Floor Price for the Offer shall be Rs. 340/- (Rupees Three Hundred and Forty 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
Listing Sales & Ops
February 26, 2019 |