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BSE SENSEX
74,441.38
+101.94
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Corporate Announcement
Security Code
540777
Company
HDFC Life Insurance Company Ltd
Exchange Disseminated Time
Notice of Offer for Sale of Shares by Promoter & Floor Price |
03/11/19 17:00
Standard Life (Mauritius Holdings) 2006 Limited (the "Seller") of HDFC Life Insurance Company Ltd ("the Company") has submitted to BSE a Notice of Offer to Sell up to 70,000,000 Equity Shares (representing 3.47% of the total issued and paid-up Equity Share capital of the Company) ("Base Offer Size") on March 12, 2019 ("T Day") (for non-retail investors only) and on March 13, 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 29,500,000 Equity Shares (representing 1.46% of the total issued and paid-up Equity Share capital of the Company) (the "Oversubscription Option" and in the event the Oversubscription Option is exercised, the Equity Shares forming part of the Base Offer Size and the Oversubscription Option will, collectively, hereinafter be referred to as the "Sale Shares". In the event the Oversubscription Option is not exercised, the Equity Shares forming part of the Base Offer Size will hereinafter be referred to as the "Sale Shares"), through a separate, designated window of BSE Limited (“BSE”) and National Stock Exchange of India Limited ("NSE" and together with BSE, the "Stock Exchanges").
- Date and time of the opening and closing of the Offer :
For Non-Retail Investors on T Day, i.e. March 12, 2019
The Sale shall take place on a separate window of the Stock Exchanges on T Day i.e. March 12, 2019, commencing at 9:15 a.m. and shall close at 3:30 p.m. (Indian Standard Time) on the same date. Non-Retail Investors who have placed their bids on T Day may indicate their willingness to carry forward their bids to T+1 Day (defined below).
Please note that only Non-Retail Investors shall be allowed to place their bids on T Day, i.e. March 12, 2019.
For Retail Investors (defined below) and for Non-Retail Investors who choose to carry forward their bids on T+1 Day, i.e. March 13, 2019.
The Sale shall continue to take place on a separate window of the Stock Exchanges 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 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.
(T Day and T+1 Day, collectively referred to as, "Sale Dates")
Floor Price :
The floor price for the Sale shall be Rs. 357.50 (Rupees three hundred and fifty seven and fifty paise only) per Equity Share ("Floor Price").
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