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BSE SENSEX
73,889.16
+11.01
+0.01 %
Corporate Announcement
Security Code
500421
Company
TPI India Ltd
Exchange Disseminated Time
22/04/2024 16:07:45
Notice of Offer for Sale of Shares by Promoter & Floor Price |
4/22/2024 4:07:45 PM
Mr. Bharat Chimanlal Parekh (`Seller'), a part of the promoter group of TPI India Ltd (the "Company"), proposes to sell 79,51,112 equity shares of face value of Re.1/- each representing 18.51% of the share capital of the Company (hereinafter referred to as `Sale Shares') on April 23, 2024 ('T Day') (for Non-Retail Investors) and April 24, 2024 (`T + 1 Day') (for Retails Investors as well as for Non-Retail Investors, who choose to carry forward their un-allotted bids from T day) through a sale on the separate window provided by BSE Ltd.
Date and time of the opening and closing of the Sale:
A. For Non-Retail Investors: On April 23 2024 ("T Day")
The Sale shall take place on a separate window of the Stock Exchange on T Day, commencing at 9:15 a.m. and shall close at 3:30 p.m. (Indian Standard Time) on the same date. On the T Day, Non-Retail Investors may indicate their willingness to carry forward their bids to T+1 Day for allocation of unsubscribed portion of Sale Shares of Retail Category (defined below).
Please note that only Non-Retail Investors shall be allowed to place their bids on T Day, i.e. [April 23, 2024].
B. For Retail Investors (defined below) and for Non-Retail Investors who choose to carry forward their bids: April 24, 2024 ("T+1 Day")
The Sale shall continue to take place on a separate window of the Stock Exchange on T+1 Day, commencing at 9:15 a.m. and shall close at 3:30 p.m. (Indian Standard Time) on the same date.
Please note that only Retail Investors shall be allowed to place their bids only on the T+1 Day. Further, those Non-Retail Investors who have placed their bids on T Day and have chosen to carry forward their bids to T+1 Day, shall be allowed to revise their bids on T+1 Day as per the SEBI OFS Circulars.
In compliance with the provisions of clause 7.5 of the SEBI OFS Circular, the bids of Non-Retail Investors shall be allowed to carry forward to T+1 Day. Similarly, the unsubscribed portion of the Non-Retail Segment shall be allowed to be carried forward for bidding in the Retail Segment.
(T Day and T+1 Day, are collectively referred to as, "Sale Dates")
Floor Price:
The Floor Price for the Sale shall be Rs.18/- (Rupees Eighteen Only) per share for Non-Retail investors.
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