|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 Indian Power Corporation Limited (Formerly Known as DPSC Limited), being the Seller proposes to sell 32,40,65,008 (Thirty Two Crores Forty Lakhs Sixty Five Thousand and Eight) equity shares of the face value of Re.1/- each representing 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 Order dated 27th January, 2017 and 25th August 2017 of Hon’ble High Court at Calcutta in CA No. 565 of 2013 in CP No. 206 of 2012 (the “Court Order”) through OFS on 15th February , 2018 (for Non Retail Investor) and on 16th February, 2018 (for Retail investor and for Non- Retail who choose to carry forward their bids) in accordance with SEBI circular no. CIR/MRD/DP/18/2012 dated July 18, 2012 regarding Comprehensive Guidelines for Offer for Sale of Shares by Promoters through the Stock Exchange Mechanism, as amended by SEBI circular no. CIR/MRD/DP/36/2016 dated February 15, 2016, SEBI circular no. CIR/MRD/DP/12/2015 dated June 26, 2015, SEBI circular no. CIR/MRD/DP/04/2013 dated January 25, 2013, SEBI circular no. CIR/MRD/DP/24/2014 dated August 8, 2014 and SEBI circular no. CIR/MRD/DP/31/2014 dated December 01, 2014. 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.30/- (Rupees Thirty 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.
Additional General Manager
Listing Sales & Ops
February 14, 2018