| Opening of Offer for Sale for Reliance Nippon Life Asset Management Ltd |
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, Reliance Capital Ltd (the “Seller”) proposes to sell up to 1,93,05,019 Equity shares (representing 3.15% of the total issued and paid up Equity Share capital of Reliance Nippon Life Asset Management Ltd “Company”) (“Base Sale Shares” / “Base Offer Size”) of face value of Rs 10 each on September 11, 2019 (“T Day”) (for non-retail investors only) and on September 12, 2019 (“T+1 Day”) (for retail investors and for non-retail investors who choose to carry forward their un-allotted bids), with an option to additionally sell up to 1,93,05,019 Equity Shares (representing 3.15% of the total paid-up Equity Share capital of the Company) (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, hereinafter be referred to as the “Sale Shares” / “Offer Shares”). In case 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” / “Offer 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 of Shares by Promoters through the Stock Exchange Mechanism issued by the Securities and Exchange Board of India(‘’The SEBI”) through its circular no. CIRIMRDIDP118/2012 dated July 18, 2012 as amended by circulars nos. CIRIMRDIDPI04/2013 dated January 25, 2013, CIRI IMRDIDPI1712013 dated May 30, 2013, CIRIMRDIDPI2412014 dated August 8, 2014, CIR/MRDIDP/3212014 dated December 1, 2014, CIRIMRDIDPI12/2015 dated June 26, 2015, CIRIMRDIDPI3612016 dated February 15, 2016, CIRIMRD/DPI6512017 dated June 27, 2017 and SEBI/HO/MRDIDOPICIRIPI20181159, 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. SEBIJHO/MRDIDP/CIR/P/2016/135 dated December 16, 2016 (the "OFS Master Circular", and together with the OFS Circular, the "SEBI OFS Circulars. The particulars of the above offer for sale are attached to this notice.
The Floor Price for the Offer shall be Rs. 262/- (Rupees Two Hundred and Sixty Two Only) per equity share.
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.
Atul Dhotre
Senior Manager
September 09, 2019
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