Notice No20210316-27Notice Date16 Mar 2021
CategoryTradingSegmentEquity
SubjectOffer for Sale for TATA Communications Ltd ( The “Company”)
Content

This is in continuation of the Exchange notice no. 20210315-20 dated March 15,2021 for Offer for Sale (OFS) whereby the “Seller”, The President of India, acting through and represented by the Department of Telecommunications, Ministry of Communications, Government of India proposed to sell up to 2,85,00,000 (10%) equity shares of the Company of face value of INR 10/- each with an  option to additionally sell up to  1,74,46,885  (6.12%) equity shares of TATA Communications Ltd  (“ The Company”).

The Promoter (“Seller”), the President of India, acting through the Department of Telecommunications, the Ministry of Communications, Government of India has informed the Exchange of its intention to exercise the Oversubscription Option to the extent of 1,74,46,885 Equity Shares (representing 6.12% of the total issued and paid-up equity share capital of the Company) in addition to 2,85,00,000 Equity Shares of the Company, (representing 10% 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 4,59,46,885 Equity Shares (representing 16.12% of the total paid up equity share capital of the Company) of which up to 45,94,689 would be available as part of the Offer for Retail Category  on T+1 day, i.e. March 17, 2021.

 

A copy of the letter dated March 16,2021 submitted by the Promoter (“Seller”) is attached for information.

 

Bhushan Mokashi                           

Additional General Manager

Listing Sales & Ops

March 16,2021

 

Attachments
Oversubscription Letter by Seller.pdf