| Opening of Offer for Sale for Cimmco 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, Titagarh Wagons Limited (the “Seller”), a part of the promoter group of Cimmco Limited (the “Company”), being the selling promoter member proposes to sell 15,43,090 shares of face value of 10/- each representing 5.64% of the share capital of the Company on Thursday December 27, 2018 (“T Day”) (for non-Retail Investors only) and on Friday, December 28, 2018 (“T+1 Day”) (for Retail Investors and for Non-Retail Investors who choose to carry forward their un-allotted bids) through a sale on the separate window provided by BSE Limited (the “BSE”) 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.
The Floor Price for the Offer shall be Rs. 38/- (Rupees Thirty Eight 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.
Girish Joshi
Chief General Manager
Listing Business
December 26, 2018 |