|Opening of Offer for Sale for Sumitomo Chemical India Limited
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, Sumitomo Chemical Company Limited (the “Seller or SCC”) proposes to sell 49,91,457 (Forty Nine Lakh Ninety One Thousand Four Hundred and Fifty Seven) Equity Shares representing 1% of the total issued and paid-up equity share capital of the Company (the “Base Offer Size” or “Base Sale Shares”) on June 26, 2020 (“T Day”) (for non-Retail Investors only on June 29, 2020 (“T+1 Day”) (for Retail Investors and for non-Retail Investors who choose to carry forward their unalloted bids), with an option to additionally sell up to 49,91,457 (Forty Nine Lakh Ninety One Thousand Four Hundred and Fifty Seven) Equity shares representing 1% of the total issued and 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”, but in the event 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”), 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 (OFS) of Shares by Promoters through the Stock Exchange Mechanism” issued by the Securities and Exchange Board of India (the “SEBI”) through its circular no. CIR/MRD/DP/18/2012 dated July 18, 2012 as amended by circulars 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”), and section 21 of chapter 1 of the “Master Circular for Stock Exchange and Clearing Corporation” issued by the SEBI through its circular no. SEBI/HO/MRD/DP/CIR/P/117 dated October 25, 2019 (the “OFS Master Circular”, and together with the OFS Circular, the “SEBI OFS Circulars”); “Revised Guidelines for Bidding in Offer for Sale (OFS) Segment” issued by BSE through its notice no. 20190118-43 dated January 18, 2019 and, to the extent applicable, the previous notices issued by BSE in this regard; “Revised scheme - Offer for Sale through Exchange Platform” issued by NSE through its circular no. 23/2020 dated February 19, 2020, and, to the extent applicable, the previous circulars issued by NSE in this regard, (collectively referred to as the “Sale”) and The particulars of the above offer for sale are attached to this notice.
The Floor Price for the Offer shall be Rs. 265/- (Rupees Two Hundred and Sixty Five only) per Equity Share
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.
Additional General Manager
June 25, 2020