|Opening of Offer for Sale for ICICI Prudential Life Insurance Company 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, Prudential Corporation Holdings Limited (the “Seller”) proposes to sell up to an aggregate of 3,73,30,397 equity shares of ICICI Prudential Life Insurance Company Limited (the “Company”) (representing 2.6% of the equity share capital of the Company) on March 26, 2019 (“T Day”) (for non-retail investors only) and on March 27, 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 1,59,37,208 equity shares (representing 1.11% of the equity share capital of the Company) (“Oversubscription Option”), of face value of Rs. 10 each of the Company, on the separate window provided by the stock exchanges for this purpose (such sale referred to hereinafter as the “Sale”), through a separate, designated window of the BSE Limited (the “BSE”) and the National Stock Exchange of India Limited (the “NSE” and together with BSE, the “Stock Exchanges”), and 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/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/31/2014 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 particulars of the above offer for sale are attached to this notice.
The Floor Price for the Offer shall be Rs. 300/- (Rupees Three Hundred 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.
Additional General Manager
March 25, 2019