| Opening of Offer for Sale for Indian Power Corporation Limited (Formerly Known as DPSC 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, Power Trust (established pursuant to the Scheme of Arrangement and Amalgamation sanctioned by Hon’ble High Court at Calcutta vide its Order dated 17th April, 2013, and Registered under the Indian Trusts Act, 1882), a shareholder of DPSC Limited (now known as India Power Corporation Limited)(the "Company"), being the Selling member proposes to sell upto 32,40,53,397 (Thirty Two Crores Forty Lakhs Fifty Three Thousand Three Hundred Ninety Seven) equity shares of the face value of Re.1/- each representing approximately 20.54% of post amalgamation paid up equity share capital (33.28% of the current paid up equity share capital) of the Company pursuant to the Orders dated 27th January, 2017, 25th August, 2017 & 18th May, 2018 of Hon’ble High Court at Calcutta in CA No. 68 of 2018, CA No. 347 of 2017, CA No. 565 of 2013 and CP No. 206 of 2012 (the "Court Order") through Offer For Sale on separate window provided by BSE Limited (the "BSE") and the National Stock Exchanges of India Limited (the "NSE" and together with BSE, the "Stock Exchanges") and on 16th August, 2018 (for Non-Retail Investors only) and on 17th August, 2018 (for Retail Investors and for Non-Retail Investors who choose to carry forward their bids) in accordance with (i) SEBI OFS Circulars (ii) Notice No. 20120727-26 dated July 27, 2012, Notice No. 20130129-23 dated January 29, 2013, Notice No. 20140902-33 dated September 2, 2014, Notice no. 20150122-30 dated January 22, 2015 and Notice No. 20150702-28 dated July 2, 2015 issued by BSE Limited (the “Sale”).The particulars of the above offer for sale are attached to this notice.
BSE Limited is the Designated Stock Exchange for this OFS issue
The Floor Price for the Offer shall be Rs. 17.50/- (Seventeen Rupees Fifty Paise only) per equity share
The Company is listed on National Stock Exchange of India Ltd, Metropolitan Stock Exchange of India Ltd and The Calcutta Stock Exchange Limited
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
August 13, 2018 |