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Tuesday, January 24, 2017

Following is the text of the official announcement on Offer for Sale (OFS) of MOIL Limited:

Dear Investor,

We wish to inform you that Government of India has made an announcement to sell up to 10% of MOIL Limited (ISIN INE490G01020) through offer for sale (OFS) mechanism.

The key details in this context are given below:

Name of sellerThe President of India, acting through and represented by the Ministry of Steel, Government of India
Name of company whose shares are proposed to be soldMOIL Limited (ISIN INE490G01020)
Name of stock exchanges where orders shall be placedBSE and NSE
Date and time of opening the offer for Retail investorsJanuary 25, 2017 at 9.15 a.m.
Date and time of closing the offer for Retail investorsJanuary 25, 2017 at 3.30 p.m.
Date and time of the opening of the offer for non-retail investorsJanuary 24, 2017 at 9.15 a.m.
Date and time of the closing of the offer for non-retail investorsJanuary 24, 2017 at 3.30 p.m.
Floor PriceRs.365 per share
Retail DiscountRetail investors will be allocated offer shares at the Discounted price i.e. at a discount of 5% to the Cut-off price in accordance with the OFS Guidelines. The discounted price, which shall be the final allocation price to the Retail investors, may be below the floor price.
Name of sellerThe President of India, acting through and represented by the Ministry of Steel, Government of India
Name of company whose shares are proposed to be soldMOIL Limited (ISIN INE490G01020)
Name of stock exchanges where orders shall be placedBSE and NSE
Date and time of opening the offer for Retail investorsJanuary 25, 2017 at 9.15 a.m.
Date and time of closing the offer for Retail investorsJanuary 25, 2017 at 3.30 p.m.
Date and time of the opening of the offer for non-retail investorsJanuary 24, 2017 at 9.15 a.m.
Date and time of the closing of the offer for non-retail investorsJanuary 24, 2017 at 3.30 p.m.
Floor PriceRs.365 per share
Retail DiscountRetail investors will be allocated offer shares at the Discounted price i.e. at a discount of 5% to the Cut-off price in accordance with the OFS Guidelines. The discounted price, which shall be the final allocation price to the Retail investors, may be below the floor price.













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