Wednesday, February 6, 2013

NTPC Offer for Sale OFS

 NTPC Limited - Offer for Sale of equity shares of NTPC Limited by its Promoter, the President of India, acting through the Ministry of Power, Government of India, through the stock exchange mechanism Selling shareholder: President of India acting through and represented by the Ministry of Power, Government of India Name of the Company: NTPC Limited ("NTPC") Offer Type: Offer for Sale through Stock Exchange Mechanism pursuant to SEBI Circular CIR/MRD/DP18/2012 dated July 18,2012, as amended by Circular CIR/MRD/DP/04/2013 dated January 25, 2013 ("SEBI OFS Circulars") Distribution: Section 4 (1-1/2) / Reg S Category 1 Securities Offered: NTPC equity shares of face value Rs. 10 each  Floor Price: To be announced on 06th February 2013 after trading hours and not later than 6:00 p.m. Offering Size: Up to 783,262,880 equity shares (the "Sale Shares") Allocation Methodology: Price priority method at multiple clearing prices

Exchange / Ticker: National Stock Exchange of India Limited & BSE Limited/ NTPC       SBICAP SECURITIES LTD's Role: Joint Seller's Broker

This is not a prospectus trade 
Indicative Timeline Announcement of Notice (T-2): Tuesday, 05th February 2013Announcement of Floor Price (T-1): Wednesday, 06th February 2013 after trading hours and not later than 6:00 p.mBooks Open (T): 9.15 AM IST, Thursday, 07th February 2013Books Close: 3.30 PM IST, Thursday, 07th February 2013Trade Date: Thursday, 07th February 2013 (Institutional investors have the option to pay 0% or 100% margin on T date for each order entered)Confirmation of Allocation: Thursday, 07th February 2013 (Confirmation will be in form of contract note) Refund of Excess Margin for bids with 100% margin (T+1): Friday, 08th February 2013Settlement for bids with 100% margin (Credit of Shares) (T+1): Friday, 08th February 2013Payment for bids with 0% margin (as per prevailing secondary market practices) (T+2): [Monday, 11th February 2013 Settlement for bids with 0% margin (Credit of Shares, as per prevailing secondary market practices) (T+2): Monday, 11th February 2013 
Note:
 Bids may be modified / cancelled as under:
 For bids with 100% margin, modification/cancellation allowed throughout the bidding period
 Bids with 0% margin can only be modified upward in terms of price and / or quantity throughout the bidding period
 Clients to be advised that the bids with 100% margin will be valid only when they are accepted by the custodians on the Stock Exchange and they should check with the custodians for their respective cut-off time lines.
 In case of any default pay-in, an amount equal to 10% of the order value shall be forfeited as penalty and shall be credited to the Investor Protection Fund.
This material is confidential and is for your information only and is not intended to be used by anyone other than you.  This information is subject to change and does not purport to be a complete description of these securities or the offering. 
The Sale is personal to each prospective purchaser (including individuals, funds, or otherwise) registered with the brokers of the Stock Exchanges who makes a bid (each a "Bidder") and neither the Sale nor this message constitutes an offer or invitation or solicitation of an offer to the public or to any other person or class of persons requiring any prospectus or offer document to be issued, submitted to or filed with any regulatory authority or to any other person or class of person within or outside India. The buyers' commitments should be made solely on the basis of publicly available information and previously published information by the Company available with the SEBI or the Stock Exchanges, Company's website or any other information available in public domain, together with the information contained in the notices filed with the Stock Exchanges, and shall be subject to the terms set forth in the contract note to be provided to the successful buyers.
The offer for sale is being carried out in accordance with SEBI OFS Circulars and subject to the circulars, guidelines rules and regulations of the Stock Exchanges. There will be no public offer of the shares in India under the Companies Act, 1956, as amended (the "Companies Act") or any other jurisdiction. Therefore, no documents have been or will be prepared as an "offer document" or a "prospectus" under the Companies Act, and/or SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended, and/or submitted to or registered with the Registrar of Companies, SEBI, the Stock Exchanges or any other regulatory or listing authority in India or any other jurisdiction and no such document will be circulated or distributed to any person in India or any other jurisdiction. This communication is being distributed in the United States solely to certain Qualified Institutional Buyers, as defined in Rule 144A under the Securities Act, and outside the United States solely to non-U.S. persons as defined under Regulation S.
Credits : Wellwishers
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