Container Corpor - Notice of Offer for Sale of Shares by Promoter & Floor Price

March 08, 2016 - 05:30:00 PM

The President of India, acting through the Ministry of Railways, Government of India) (the "Seller"), promoter group of Container Corporation of India Ltd ("the Company") has submitted to BSE a Notice of Offer to sell up to 97,48,710 equity shares of the Company of face value of INR 10 each, representing 5% of the total paid up equity share capital of the Company ("the Offer Shares") on March 09, 2016, (for non-Retail Investors) and March 10, 2016 (for Retail Investors and non-Retail Investors who choose to carry forward their bids) 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 & Time of the opening and closing of the offer:

- For non-Retail Investors: March 09, 2016 ("T day")

The Offer shall take place on a separate window of the Stock Exchanges on the T day, commencing at 9:15 a.m. and shall close at 3:30 p.m (Indian Standard Time) on the same day. On the T day, non-Retail Investors may indicate their willingness to carry forward their bids to T+1 day (defined below).

Further note that, only non-Retail Investors shall be allowed to place their bids on T day i.e. March 09, 2016.

- For Retail Investors (defined below) and for non-Retail Investors who choose to carry forward their bids: March 10, 2016 ("T+1 day").

The Offer shall continue to take place on a separate window of the Stock Exchanges on T+1 day, commencing at 9.15 am. and shall close at 3.30 p.m. (Indian Standard Time) on the same day.

Further note that only Retail Investors (defined below) shall be allowed to place their bids only on T+1 day. Further, those non- Retail bidders (un-allotted bidders on T day who choose to carry forward their bid on 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 "Offer Dates")

- Floor Price : The floor price for the Offer shall be Rs. 1195 (Rupees One Thousand One Hundred and Ninety Five) per equity share of the Company.

CIN: U67190WB2003PTC096617. Trading in Commodities is done through our Group Company Dynamic Commodities Pvt. Ltd. The company is also engaged in Proprietory Trading apart from Client Business.
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