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BSE SENSEX
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Corporate Announcement
Security Code
533137
Company
Den Networks Ltd
Exchange Disseminated Time
Notice of Offer for Sale of Share by Promoter & Floor Price |
3/25/2021 6:18:22 PM
Jio Futuristic Digital Holdings Private Limited, Jio Digital Distribution Holdings Private Limited and Jio Television Distribution Holdings Private Limited ("the Sellers") has submitted to BSE a Notice of the proposed offer for sale of the equity shares of Den Networks Ltd ("the Company"), the Sellers propose to sell in aggregate up to 5,54,85,048 (Five crore fifty four lakh eighty five thousand and forty eight only) Equity Shares (“Sale Shares”) held by the Sellers in the Company, representing 11.63% of the total issued and paid-up equity share capital of the Company ("Offer") on March 26, 2021 ("T Day") (for non-retail Investors only) ("Non Retail Investors") and on March 30, 2021 ("T+1 Day") (for retail investors as described herein below (“Retail Investors”) and for Non-Retail Investors who choose to carry forward their un-allocated bids from T Day).
The Sale Shares are proposed to be sold through a separate, designated window of BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”) (BSE and NSE are together referred to as the “Stock Exchanges”).
Date and time of the opening and closing of the Offer :
The Sale shall take place over two Trading Days, as provided below:
For Non-Retail Investors on T Day i.e., March 26, 2021
The Offer shall take place during trading hours on a separate window of the Stock Exchanges on T Day commencing at 9:15 AM and shall close at 3:30 PM (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 unallocated bids to T+1 Day , for allocation to them in the unsubscribed portion of the Retail Category (defined below)
Please note that only Non-Retail Investors can place their bids on T Day i.e., March 26, 2021.
For Retail Investors and for Non-Retail Investors who opt to carry forward their unallocated bids from T Day on T+1 Day i.e., March 30, 2021
The Offer shall continue to take place during trading hours on the separate window of the Stock Exchanges on T+1 Day, commencing at 9:15 AM and shall close at 3:30 PM (Indian Standard Time) on the same date.
Please note that only Retail Investors are permitted to place their bids on T+1 Day. Further those Non-Retail Investors who had placed their bids on T Day and who opted to carry forward their unallocated bids from T Day to T+1 Day would be allowed to revise their bids on T+1 Day in terms of the SEBI OFS Circulars.
Date and time of declaration of the Floor Price :
The floor price for the Sale shall be INR 48.50 (Rupees Forty eight and fifty paise only) per Equity Share (“Floor Price”).
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