Monday, 20 May 2019
BREAKING NEWS

Icici Prudential Life Insurance Company Ltd – Notice of Offer for Sale of Shares by Promoter & Floor Price – The Hindu BusinessLine

Prudential Corporation Holding Limited (the “Seller”) of ICICI Prudential Life Insurance Company Ltd (the “Company”) has submitted to BSE a copy of Notice of Offer for sell up to an aggregate of 37,330,397 equity shares (representing 2.6% of the equity share capital of the Company) of face value of Rs.10 each of the Company with an option to additionally sell up to 15,937,208 equity shares (representing 1.11% of the equity share capital of the Company) (“Oversubscription Option”), on the separate window provided by the stock exchanges for this purpose (such sale referred to hereinafter as the “Sale”), through a separate, designated window of the BSE Limited (the “BSE”) and the National Stock Exchange of India Limited (the “NSE” and together with BSE, the “Stock Exchanges”).

Date and time of the opening and closing of the Offer :

– For Non-Retail Investors: March 26, 2019 (“T”)

The Sale shall take place on a separate window of the Stock Exchanges on T day i.e. March 26, 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 may indicate their willingness to carry forward their unallotted 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 26,2019.

For Retail Investors (defined below) and for non-Retail Investors who choose to carry forward their un-allotted bids: March 27, 2019 (“T+1”)

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 the T+1 day. Unsubscribed portion of the shares reserved for Retail Investors shall be allocated to such non-retail bidders (un-allotted bidders on T day who choose to carry forward their bid on T+1 day) on T+1 day at a price equal to cut off price or higher as per the bids. Further, such non-Retail Investors 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. 300 (Rupees three hundred only) per share (the “Floor Price”).

Pdf Link: Icici Prudential Life Insurance Company Ltd – Notice of Offer for Sale of Shares by Promoter & Floor Price

Source : BSE – www.bseindia.com

Source: https://www.thehindubusinessline.com/companies/announcements/others/icici-prudential-life-insurance-company-ltd-notice-of-offer-for-sale-of-shares-by-promoter-floor-price/article26634282.ece

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