News Details

With reference to the earlier announcement dated September 03, 2024 regarding \Notice of Offer for Sale of Shares by Promoter & Floor Price\, The President of India, acting through and represented by the Ministry of Finance, Government of India (the \Sellter\), has informed BSE as under:

\We refer to the notice dated September 3, 2024 (\Notice\) sent by the President of India (acting through the Ministry of Finance, Government of India) (the \Seller\), whereby we proposed to sell up to up to 5,95,12,000 Equity Shares (representing up to 3.39% of the total issued and paid-up equity share capital of the Company) (\Base Offer Size\), on September 4, 2024, (\T day\) (for non-Retail Investors only) and on September 5, 2024 (\T+1 day\) (for Retail Investors and for non-Retail Investors who choose to carry forward their unallotted bids from T day), with an option to additionally sell up to 5,95,12,000 Equity Shares (representing 3.39% of the total issued and paid-up equity share capital of the Company) (the \Oversubscription Option\, and in the event that the Oversubscription Option is exercised, the Equity Shares forming part of the Base Offer Size and the Oversubscription Option will represent 6.784% of the total issued and paid-up Equity Share capital of the Company, i.e. 11,90,24,000 Equity Shares, and will collectively, hereinafter be referred to as \Offer Shares\ while in the event that such Oversubscription Option is not exercised, the Equity Shares forming part of the Base Offer Size will hereinafter be referred to as \Offer Shares\), through a separate, designated window of BSE and NSE (together with BSE, the \Stock Exchanges\), in accordance with the OFS Guidelines (such offer for sale hereinafter referred to as the \Offer\).

In this regard, we wish to intimate the Stock Exchanges of our intention to exercise the Oversubscription Option in the Offer to the extent of 50,49,872 Equity Shares (representing 0.288% of the total issued and paid-up Equity Share capital of the Company) in addition to 5,95,12,000 Equity Shares (representing 3.39% of the total issued and paid-up Equity Share capital of the Company) forming part of the Base Offer Size. Accordingly, the total offer size will be up to 6,45,61,872 Equity Shares (representing 3.68% of the of the total issued and paid-up Equity Share capital of the Company) of which 64,56,188 equity shares i.e. 10% equity shares of the offer would be reserved for allocation to Retail Investors on T+1 day i.e. September 5, 2024, subject to receipt of valid bids, as part of the Offer. Additionally, 50,000 shares will be offered to the Employees.

All capitalised terms used herein but not defined shall have the meaning ascribed to them in the Notice filed with the Stock Exchanges.\