| 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, 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, Mr. Mahesh Shetty, Promoter of MT Educare Ltd. ("the Company"), being the seller promoter proposes to sell up to 55,65,533 equity shares having face value of Rs.10/- each representing 7.71 % of the total paid-up equity share capital of the Company on February 17, 2020 (“T Day”) (for non-retail investors only) and on February 18, 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 Exchange”), in accordance with the "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.
The Floor Price for the Offer shall be Rs. 14.50/- (Rupees Fourteen and Paise Fifty only) per equity share of the Company.
BSE is the Exclusive 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.
Bhushan Mokashi
Additional General Manager
February 14, 2020
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