| Opening of Offer for Sale for MT Educare Limited |
Trading and Custodian Members of the Exchange are requested to refer to notice nos. 20190118-43 dated January 18, 2019 and 20200701-27 dated July 01,2020, 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, Mahesh Shetty, Promoter of MT Educare Ltd. - (the “Company”), being the seller promoter proposes to sell up to 42,680 shares of face value of Rs.10/- each representing 0.06 % of the total paid-up equity share capital of the Company on October 26, 2020 (“T Day”) (for non-retail investors only) and on October 27, 2020 (“T+1 Day”) (for retail investors and for non-retail investors who choose to carry forward their un-allotted bids), through a separate designated window of BSE Limited (“BSE”) (the “Stock Exchanges”), and in accordance Revised Comprehensive modified Guidelines for Bidding in Offer for Sale (OFS) Segment” issued by BSE through its notices no. notice no. 20190118-43 dated January 18, 2019, notice no. 20160218-33 dated February 18, 2016, notice no. 20150702-28 dated July 2, 2015, and, to the extent applicable, the previous notices issued by the BSE in this regard, including notice no. 20150122-30 dated January 22, 2015, notice no. 20140902-33 dated September 2, 2014, notice no. 20130129-23 dated January 29, 2013, notice no. 20120727-26 dated July 27, 2012, notice no. 20120228-30 dated February 28, 2012 and notice no. 20120222-34 dated February 22, 2012, Pursuant to clause 5(b) of SEBI Circular No. CIR/MRD/DP/18/2012 dated July 18, 2012, as amended by by circulars nos. CIR/MRD/DP/04/2013 dated January 25, 2013, circular nos. 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 date 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 (“OFS Circular”) issues of Securities Exchange Board of India (SEBI) pertaining to comprehensive guidelines on offer for sale through stock exchange mechanism and section 21 of chapter 1 of the “Master Circular for Stock Exchange and Clearing Corporation” issued by SEBI through its circular no. SEBI/HO/MRD/DP/CIR/P/2016/135 dated December 16, 2016 (the “OFS Master Circular”, and together with the OFS Circular, the “SEBI OFS Circulars”
The Floor Price for the Offer shall be Rs. 9.60 (Rupees Nine and Sixty Paise Only) per equity share. 5% discount on Cut off price is being offered to Retail Investors.
BSE is the Designated Stock Exchange for the issue.
Copy of OFS notice attached for reference.
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.
Atul Dhotre
Sr. Manager
October 23, 2020
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