Desktop Site
|
18 Jul 24 | 15:59
|
Close
Equity
SME
Eq Drv
Currency
Commodity
Corporates
Get Quote
*
Notices
|
BSE SENSEX
81,343.46
+626.91
+0.78 %
Corporate Announcement
Security Code
543322
Company
Glenmark Life Sciences Ltd
Exchange Disseminated Time
10/07/2024 17:35:28
Notice of Offer for Sale of Shares by Promoters & Floor Price |
07/10/24 17:35
Glenmark Pharmaceuticals Limited and Mr. Glenn Mario Saldanha (the "Sellers") propose to sell up to 9,617,371 Equity Shares of Glenmark Life Sciences Ltd (the "Company") (representing 7.85% of the total issued and paid up Equity Share capital of the Company) ("Offer Size"), on July 11, 2024, ("T day") (for non-Retail Investors only) and on July 12, 2024 ("T+1 day") (for Retail Investors (as defined below) and for non-Retail Investors who choose to carry forward their unallotted bids from T day) (hereinafter referred to as "Offer Shares"), through a separate, designated window of BSE and NSE (together with BSE, the "Stock Exchanges"),
- Date and time of opening and closing of the Offer: The Offer shall take place on a separate window of the Stock Exchanges on July 11, 2024 and July 12, 2024, commencing at 9:15 a.m. (Indian Standard Time) and shall close at 3:30 p.m. (Indian Standard Time), on both days, in accordance with the details given below.
For non-Retail Investors: July 11, 2024 ("T day")
Only non-Retail Investors shall be allowed to place their bids on T day, i.e., July 11, 2024. While placing their bids, non-Retail Investors may indicate their willingness to carry forward their unallotted bids to T+1 day for allocation to them, in the unsubscribed portion of Retail Category (defined below).
The Offer shall take place during trading hours on a separate window of the Stock Exchanges on T day, i.e., July 11, 2024 commencing at 9:15 a.m. and shall close at 3:30 p.m. Indian Standard Time on the same date.
For Retail Investors (defined below) and for non-Retail Investors who choose to carry forward their unallotted bids to July 12, 2024 ("T+1 day").
The Offer shall continue to take place during trading hours on a separate window of the Stock Exchanges on T+1 day, i.e., July 12, 2024 commencing at 9:15 a.m. and shall close on the same date at 3:30 p.m. Indian Standard Time on the same date.
Only Retail Investors (defined below) shall be allowed to place their bids on T+1 day, i.e., July 12, 2024. Further, those non-Retail Investors who have placed their bids on T day and have chosen to carry forward their unallotted bids to T+1 day, shall be allowed to carry forward their unallotted bids for allocation to them in the unsubscribed portion of Retail Category (defined below) and also revise their bids on T+1 day as per the OFS Guidelines.
(T day and T+1 day, collectively referred to as "Trade Dates")
- Floor Price : The floor price for the Offer shall be INR 810 per Equity Share ("Floor Price").
Attachment
<< Back
Recently Viewed