Rule · SEBI · 15 Feb 2023
Registered merchant bankers, listed entities and issuers must file an Issue Summary Document (ISD) in two stages — pre-issue/offer fields first, then post-issue/offer fields after allotment/offer completion — in the prescribed formats, with Lead Managers submitting before grant of in-principle or trading approval and issuers before grant of in-principle approval. Lead Managers must disseminate all public-issue advertisements in pdf on stock exchange websites from March 01, 2023; ISD roll-out is phased: public issues from March 01, 2023, further issues from April 03, 2023, and open offer, buy-back and voluntary delisting from May 02, 2023. Stock Exchanges and Depositories must disseminate ISDs on their websites and report implementation status to SEBI within 7 days and in Monthly Developments Reports.
CIRCULAR
SEBI/HO/CFD/PoD-1/P/CIR/2023/29 February 15, 2023 To All Recognized Stock Exchanges All Depositories All Registered Merchant Bankers All Issuers All Listed Entities Dear Sir / Madam, Sub: Introduction of Issue Summary Document (ISD) and dissemination of issue advertisements
Depository Receipts (GDR) and Foreign Currency Convertible Bonds (FCCBs)};
iii. buy-back of equity shares (through tender offer or from the open market);
iv. open offer under SEBI SAST Regulations;
v. voluntary delisting of equity shares where exit opportunity is required
under SEBI Delisting Regulations.
3. ISD shall be filed in two stages:
i. In the first stage, ISD will be filed containing pre-issue / offer fields.
ii. In the second stage, ISD will be filed containing post-issue / offer fields
after allotment/offer is completed / as applicable for respective ISD.
4. The formats for ISD are placed as Table I to Table X in Annexure A:
i. Table I: ISD for public issue of specified securities
ii. Table II: ISD for preferential issue of specified securities
iii. Table III: ISD for qualified institutions placement
iv. Table IV: ISD for rights issue of specified securities
v. Table V: ISD for issue of American Depository Receipts (ADRs) / Global
Depository Receipts (GDRs)
vi. Table VI: ISD for issue of Foreign Currency Convertible Bonds (FCCBs)
vii. Table VII: ISD for buy-back of equity shares through tender offer
viii. Table VIII: ISD for buy-back of equity shares from the open market
ix. Table IX: ISD for open offer under SEBI SAST Regulations
x. Table X: ISD for voluntary delisting of equity shares where exit opportunity
is required.
5. The prescribed formats also provide timeline for submission of the details and
also casts responsibility on the entity responsible for the submission (hereinafter referred to as “Submitting Entity”).
i. bring the provisions of this circular to the notice of all registered merchant
bankers, listed entities and issuers and also disseminate the same on their websites; and
ii. communicate to SEBI, the status of implementation of the provisions of
this circular within 7 days of implementation and in their Monthly Developments Reports. 12.This Circular is issued in exercise of the powers conferred under Section 11 and
Section 11A of the Securities and Exchange Board of India Act, 1992 to protect
the interests of investors and to promote the development of, and to regulate the securities market. 13.A copy of this circular is available on SEBI website at www.sebi.gov.in under the categories “Legal Framework → Circulars”. Yours faithfully, Yogita Jadhav General Manager Corporation Finance Department Policy and Development - 1 +91 22 2644 9583 Email – yogitag@sebi.gov.in
Annexure A
Table I: ISD for public issue of specified securities
Sr.
No.
Particular Field Description Source for information Timeline for submission In Principle Approval Stage 1 ISIN ISIN Issuer along with the Lead Managers Data from 1 to 23 shall be submitted by Lead Manager before grant of in principle approval by the Exchange(s) 2 Corporate Identity Number (CIN) of the Listed Entity CIN 3 Permanent Account Number (PAN) PAN 4 Name of the Issuer Name of Issuer 5 Promoter(s) Name of Promoter/s 6 Name of Company Secretary and Compliance Officer Name 7 Email Id of Compliance Officer EMAIL ID 8 Website URL 9 Registered office Address Address 10 Registered office Region Select 11 Corporate Office Address Address 12 Corporate Office Region Select 13 Platform Main Board/SME/SME Start-up 14 Mode of issue Book Building/Fixed Price 15 Eligibility of the Issue SEBI ICDR Regulations (6(1),6(2),etc.) 16 Tentative No. of shares Number of Shares 17 Estimated Total Issue Amount (Rs. In crores) Amount 18 Face Value (Rs.) Face Value Per Share 19 Industry Select
Sr.
No.
Particular Field Description Source for information Timeline for submission 20 Name of LM / BRLM Name of LM / BRLM Issuer along with the Lead Managers 21 Name of RTA Name of RTA 22 Name of the Market Maker Name 23 Listing Sought at Options: Only BSE / Only NSE / Only MSEI / BSE & NSE / BSE & MSEI / NSE & MSEI / BSE, NSE & MSEI Listing Stage 24 ISIN ISIN Issuer along with Lead Managers Data from 24 to 50 shall be submitted by Lead Manager before grant of Listing approval by the Exchange(s) 25 Corporate Identity Number (CIN) of the Listed Entity CIN 26 Permanent Account Number (PAN) PAN 27 Designate Stock Exchange Name of the Exchange 28 Issue Open Date Date 29 Issue Close Date Date 30 Price Band In Rs. 31 Discount (Rs.) In Rs. 32 Composition of Issue Fresh / OFS / Fresh & OFS 33 Fresh Issue shares No. of shares 34 Offer for sale No. of shares 35 Total Issue of shares No. of shares 36 Allocation to Anchor No. of shares 37 Allocation to QIB No. of shares 38 Allocation to RII No. of shares 39 Allocation to NII No. of shares 40 Allocation to Reservation Portion No. of shares 41 Market Maker Reservation portion No. of shares
Sr.
No.
Particular Field Description Source for information Timeline for submission 42 Allocation to Any other No. of shares Issuer along with Lead Managers 43 Minimum Application Lot Size No. of shares 44 Final Issue Price per share (Rs.) In Rs. 45 Issue Size (Rs.in Crores) Rs. in Crores 46 Issue subscription (no. of times) Number 47 Post Issue No. of shares No. of shares 48 Scrip ID Character 49 Scrip Code Number 50 Listing Date Date
Table II: ISD for preferential issue of specified securities
Sr.
No.
Particular Field Description Source for information Timeline for submission In Principle approval stage 1 Name of the listed entity Name of the listed entity Issuer Data from 1 to 18 shall be submitted by the issuer before grant of in principle approval by the Exchange(s) 2 ISIN ISIN 3 Corporate Identity Number (CIN) of the Listed Entity CIN 4 Permanent Account Number (PAN) PAN 5 BSE Scrip code 6 NSE Symbol 7 MSEI Symbol 8 Board resolution approving the issue of specified securities Date 9 Copy of notice sent to shareholders Notice Copy 10 Object of the Issue As per Notice/offer document 11 Category of Allottee Option - Promoter/Non Promoter/ Promoter and Non-promoters 12 Security Type (no. of securities) Option - Equity/Options/Warrant/Convertible/NCD + warrants/Convertible other than warrants – (No. of securities) 13 Security Type (amount to be raised) Option - Equity/Warrant/Convertible/NCD + warrants/Convertible other than warrants – (Amount) 14 Consideration Option - Cash/conversion of Loan/Acquisition of Assets/other 15 Relevant Date Option - date/future relevant date i.e. at the time of conversion
Sr.
No.
Particular Field Description Source for information Timeline for submission 16 Minimum Issue Price In Rs. 17 Terms of Payment % of payment on application (100/25/other specify) Issuer 18 Name of Allottees List Listing Stage 19 Name of the listed entity Name of the listed entity Issuer Data from 19 to 31 shall be submitted by the issuer before grant of trading approval by the Exchange(s) 20 ISIN ISIN 21 Corporate Identity Number (CIN) of the Listed Entity CIN 22 Permanent Account Number (PAN) PAN 23 BSE Scrip code 24 NSE Symbol 25 MSEI Symbol 26 Date of Allotment of shares Date 27 Offer Price per security In Rs. 28 Total number of shares allotted No. of shares 29 Amount Raised Rs. in Lakhs 30 Lock-in of Shares option - No. of equity shares locked-in for 6 / 12 / 18 / 36 Months 31 Number of equity shares Listed No. of shares 32 Date of Listing Date Exchange 33 Date of Trading Approval Date
Table III: ISD for qualified institutions placement
Sr.
No.
Particular Field Description Source for information Timeline for submission In Principle approval stage 1 Name of the listed entity Name of the listed entity Issuer along with Lead Manager Data from 1 to 14 shall be submitted by the Lead Manager before grant of in principle approval by the Exchange(s) 2 ISIN ISIN 3 Corporate Identity Number (CIN) of the Listed Entity CIN 4 Permanent Account Number (PAN) PAN 5 BSE Scrip code* 6 NSE Symbol 7 MSEI Symbol 8 Board resolution approving the issue of specified securities Date 9 Object of the Issue (As per Notice/offer document) 10 Date of Shareholders approval for placement with QIBs Date 11 Issue Size Applied for (No of Shares/Rs. in crores) No of shares/Rs. in crores 12 Provision for discount % 13 Listed at Name of the Stock Exchange(s) 14 Name of the Merchant Banker(s) Name Listing Stage 15 Name of the listed entity Name of the listed entity Issuer along with Lead Manager Data from 15 to 32 shall be submitted by the Lead Manager before grant of 16 ISIN ISIN 17 Corporate Identity Number (CIN) of the Listed Entity CIN 18 Permanent Account Number (PAN) PAN 19 BSE Scrip code
Sr.
No.
Particular Field Description Source for information Timeline for submission 20 NSE Symbol Issuer along with Lead Manager trading approval by the Exchange(s) 21 MSEI Symbol 22 Relevant Date Date 23 Minimum Issue price (Per security) in Rs. 24 Bid Opening date Date 25 Bid Closing date Date 26 Date of allotment of shares in Rs. 27 Discount per shares availed in Rs. 28 Issue Price (per share) in Rs. 29 No. of Shares Allotted No. of shares 30 Final Issue Size (Rs. in crores) in Rs. 31 Category of Allotees Character 32 No. of Allottees Number 33 Date of Listing Date Exchange 34 Date of Trading Approval Date
Table IV: ISD for rights issue of specified securities
Sr.
No.
Particular Field Description Source for information Timeline for submission In Principle approval stage 1 Name of the Company Name Issuer in consultation with Lead Manager (if appointed) Data from 1 to 14 shall be submitted by the Lead Manager or the issuer (in case Lead Manager is not required to be appointed) before grant of in principle approval by the Exchange(s) 2 ISIN ISIN Corporate Identity Number (CIN) of the Listed Entity CIN 4 Permanent Account Number (PAN) PAN 5 BSE Scrip code 6 NSE Symbol 7 MSEI Symbol Board resolution approving the issue of specified securities Date 9 Object of the Issue As per Notice/offer document Security Type (no. of securities) Option - Equity/Warrant/Convertible/NCD + warrants/Convertible other than warrants – (No. of securities) Security Type (amount to be raised) Option - Equity/Warrant/Convertible/NCD + warrants/Convertible other than warrants – (Amount) Consideration Option - Cash/conversion of Loan/Acquisition of Assets/other Terms of Payment % of payment on application (100/25/other specify) 14 Name of Merchant Banker, if any Name
Sr.
No.
Particular Field Description Source for information Timeline for submission Listing Stage 15 Name of the Company Name Issuer in consultation with Lead Manager (if appointed) Data from 15 to 33 shall be submitted by the Lead Manager or the issuer (in case Lead Manager is not required to be appointed) before grant of trading approval by the Exchange(s) 16 ISIN ISIN 17 Corporate Identity Number (CIN) of the Listed Entity CIN 18 Permanent Account Number (PAN) PAN 19 BSE Scrip code 20 NSE Symbol 21 MSEI Symbol 22 Record Date Date 23 Rights Ratio x:y 24 Offer price (per share) In Rs. 25 Issue opening date Date 26 Issue closing date Date 27 Right entitlement opening date Date 28 Right entitlement closing date Date 29 Date of Allotment of shares Date 30 Number of shares allotted No. of shares 31 Number of shares kept in abeyance No. of shares 32 Amount Raised Rs. in Lakhs 33 Number of shares Listed in the issue No. of shares 34 Date of Listing Date Exchange 35 Date of Trading Approval Date
Table V: ISD for issue of American Depository Receipts (ADRs) / Global Depository Receipts (GDRs)
Sr.
No.
Particular Field Description Source for information Timeline for submission In Principle approval stage 1 Name of the listed entity Name Issuer Data from 1 to 12 shall be submitted by the issuer before grant of in principle approval by the Exchange(s) 2 ISIN ISIN 3 Corporate Identity Number (CIN) of the Listed Entity CIN 4 Permanent Account Number (PAN) PAN 5 BSE Scrip code 6 NSE Symbol 7 MSEI Symbol 8 Board resolution approving the issue of specified securities Date 9 Copy of notice sent to shareholders Notice Copy 10 Object of the Issue As per Notice/offer document 11 Security Type (amount to be raised Rs. In Lakhs) Option -ADR/GDR – (Amount) 12 ADR/GDR listing Exchange Name of the Exchange Listing Stage 13 Name of the listed entity Name Issuer Data from 13 to 26 shall be submitted by the issuer before grant of trading approval by the Exchange(s) 14 ISIN ISIN 15 Corporate Identity Number (CIN) of the Listed Entity CIN 16 Permanent Account Number (PAN) PAN 17 BSE Scrip code 18 NSE Symbol 19 MSEI Symbol 20 Relevant Date Date 21 Name of Allottees List
Sr.
No.
Particular Field Description Source for information Timeline for submission 22 Offer Price (Per Share) In Rs Issuer 23 Date of Allotment of shares Date 24 Number of shares allotted No. of shares 25 Amount Raised Rs. in Lakhs 26 Number of Equity shares Listed No. of shares 27 Date of Listing Date Exchange 28 Date of Trading Approval Date
Table VI: ISD for issue of Foreign Currency Convertible Bonds (FCCBs)
Sr.
No.
Particular Field Description Source for information Timeline for submission In Principle approval stage 1 Name of the listed entity Name Issuer Data from 1 to 13 shall be submitted by the issuer before grant of in principle approval by the Exchange(s) 2 ISIN ISIN 3 Corporate Identity Number (CIN) of the Listed Entity CIN 4 Permanent Account Number (PAN) PAN 5 BSE Scrip code 6 NSE Symbol 7 MSEI Symbol 8 Board resolution approving the issue of specified securities Date 9 Copy of notice sent to shareholders Notice Copy 10 Object of the Issue As per Notice/offer document 11 Security Type (no. of security) No. of Bonds of face value (in Rs.) 12 Security Type (amount to be raised) Rs. in Lakhs/Foreign currency 13 Consideration Option - Cash/Restructuring of FCCB/other Listing Stage 14 Name of the listed entity Name Issuer Data from 14 to 28 shall be submitted by the issuer before grant of trading approval by 15 ISIN ISIN 16 Corporate Identity Number (CIN) of the Listed Entity CIN 17 Permanent Account Number (PAN) PAN 18 BSE Scrip code 19 NSE Symbol
Sr.
No.
Particular Field Description Source for information Timeline for submission 20 MSEI Symbol Issuer the Exchange(s) 21 Relevant Date Date 22 Offer price per share In Rs. 23 Name of Allottees List 24 Conversion Price of Currency In Rs. 25 Date of Allotment of shares Date 26 Number of shares allotted No. of shares 27 Amount Raised Rs. in Lakhs 28 Number of shares Listed No. of shares 29 Date of Listing Date Exchange 30 Date of Trading Approval Date
Table VII: ISD for Buy-back of equity shares through tender offer
Sr.
No.
Particular Field Description Source for information Remarks Pre Issue stage 1 Company Name of Company Listed Entity ISD data from point 1 to 39 shall submitted by the Listed Entity before issuance of Buyback opening notice by the Exchange(s) 2 ISIN ISIN 3 BSE Scrip Code 4 NSE Symbol 5 MSEI Symbol 6 Issue Type Buyback 7 Method of Buyback Tender Offer 8 Board Meeting Date Date 9 Date of declaration of results of the postal ballot, if applicable Date 10 Date of Public Announcement Date 11 Record Date Date 12 Buyback Opening Date Date 13 Buyback Closing Date Date 14 Buyback Offer No. of Shares 15 Buyback Price Amount in Rupees 16 Aggregate consideration not exceeding Amount in Rupees 17 Equity Shares Reserved for Small Shareholders No. of Shares 18 Equity Shares under General Category No. of Shares 19 Participation by Promoter(s) Yes/ No 20 Promoter(s) Declared Its intention to tender shares up to No. of Shares
Sr.
No.
Particular Field Description Source for information Remarks 21 Details of the escrow account Bank Name Listed Entity 22 Promoter(s) holding Pre Buyback No. of Shares & Percentage 23 Promoter(s) tentative holding Post Buyback No. of Shares & Percentage 24 Stock Exchanges Name of the Exchange(s) where company is listed 25 Designated Stock Exchange Name of the Exchange 26 Company’s Broker/ Buyer Broker Name and Code of the Broker 27 Manager(s) to the Buyback Investment Banker 28 Last date for the receipt of completed Tender Forms and other specified documents including physical share certificates (as applicable) by the Registrar Date 29 Last date for providing Acceptance/non-Acceptance to the Stock Exchanges by the Registrar to the Buyback Date 30 Last date for settlement of bids on the Stock Exchanges Date 31 Last date for return of unaccepted Equity Shares by Stock Exchanges to Eligible Shareholders/Stock Brokers Date 32 Last date for payment of consideration to Eligible Shareholders who participated in the Buyback Date 33 Last date for extinguishment of Buyback Equity Shares Date 34 Postal Ballot Notice PDF Document 35 Letter of Offer PDF Document 36 Public Announcement PDF Document 37 Registrar to Offer Name of the Registrar 38 Registrar to Offer Contact Details
Sr.
No.
Particular Field Description Source for information Remarks 39 Name of Company Secretary Name and contact details like Mail id of the Company Secretary Listed Entity Post Issue stage 40 Company Name of Company Listed Entity ISD data from 40 to 52 shall be submitted by the Listed Entity before / along with submission of Post Buy back Public Advertisement to Exchange(s) 41 ISIN ISIN 42 BSE Scrip Code 43 NSE Symbol 44 MSEI Symbol 45 Date of post buyback public announcement Date 46 Post buyback public announcement Attachment 47 Issued, Subscribed and Paid-up Capital Post-Buyback No. of Shares 48 Issued, Subscribed and Paid-up Capital Pre-Buyback No. of Shares 49 Total number of Equity Shares bought back pursuant to the Buyback No. of Shares 50 Total amount utilized in the Buyback Amount in Rupees in Crores 51 Promoter(s) holding Post Buyback No. of Shares 52 Promoter(s) holding Post Buyback Percentage
Table VIII: ISD for Buy-back of equity shares from the open market
Sr. No. Particular Field Description Source for information Remarks Pre Issue stage 1 Company Name of Company Listed Entity ISD data from 1 to 16 shall be submitted by the Listed Entity before / along with Issue opening application with the Exchange(s) 2 Scrip Code Scrip Code 3 ISIN No. ISIN No 4 Issue Type Buyback 5 Method of Buyback Open Market 6 Board Meeting Date Date 7 Shareholders Resolution Date, if applicable Date 8 Date of Public Announcement Date 9 Buyback Opening Date Date 10 Buyback Closing Date Date 11 Maximum Buyback Price (Rs,) Amount in Rupees 12 Maximum No of shares to be bought back No. of Shares 13 Company’s Broker/ Buyer Broker Name 14 Manager to Buyback Offer Investment Banker 15 Listed capital (No of shares) No. of Shares 16 Promoter(s) holding Pre Buyback No. of Shares & Percentage Post Issue stage 17 Total No of shares bought back No. of Shares Listed Entity ISD data from 17 to 22 shall be submitted by the Listed Entity before / along with Issue closure application 18 Date of Closure of Buyback Date 19 Post Buyback Capital No. of Shares 20 Post Buy Back Public Announcement Date
Sr. No. Particular Field Description Source for information Remarks 21 Post Buy Back Public Announcement PDF Attachment Listed Entity with the Exchange(s) 22 Promoter(s) holding Post Buyback No. of Shares & Percentage
Table IX: ISD for open offer under SEBI SAST Regulations
Sr.
No.
Particular Field Description Source for information Remarks Pre tendering stage 1 Name of the Target Company Name Acquirer / Manager to the Open Offer ISD data from point 1 to 21 shall submitted by the Manager to the Open Offer before issuance of Open offer notice by the Exchange(s) 2 ISIN of the Target Company ISIN 3 Exchanges where Target Company listed Name 4 Name of the Acquirer(s) Name 5 Name of the Person(s) Acting in Concert with Acquirer(s) Name 6 Type of Offer Type of offer under SEBI SAST Regulations: Substantial acquisition (Reg. 3(1))/ Consolidation of holdings (Reg. 3(2)) / Acquisition of control (Reg.
4) / Indirect acquisition (Reg. 5) /
Delisting offer (Reg. 5A) /
Voluntary offer (Reg. 6) /
Conditional offer (Reg. 19) /
Competing offer (Reg. 20)
7 Number of fully paid up shares to be acquired number & % of paid-up capital 8 Number of partly paid up shares to be acquired number & % of partly paid-up capital 9 Offer price per fully paid up share Rs. 10 Offer price per partly paid up share Rs.
Sr.
No.
Particular Field Description Source for information Remarks 11 Offer size Rs. Million Acquirer / Manager to the Open Offer 12 Tendering start date date 13 Tendering closing date date 14 Manager(s) to the Offer Name & contact detail 15 Registrar to offer appointed by Acquirer Name & contact detail 16 Stock Broker appointed by acquirer, if applicable Name & contact detail 17 Name of Company Secretary of Target Company Name and contact details like Mail id of the Company Secretary 18 Designated Stock Exchange Name of the Exchange 19 Public Announcement PDF document 20 Detailed Public Statement PDF document 21 Letter of Offer PDF document Post tendering stage 22 Number of fully paid up shares acquired in offer number Acquirer / Manager to the Open Offer ISD data from 22 to 32 shall be submitted by the 23 Number of partly paid up shares acquired in offer number
Sr.
No.
Particular Field Description Source for information Remarks 24 Number of fully paid-up shares acquired as % of paid-up capital number & % of paid-up capital Acquirer / Manager to the Open Offer Manager to the Open Offer before / along with submission of Post Offer Announcement to Exchange(s) 25 Number of partly paid-up shares acquired as % of partly paid-up capital number & % of partly paid-up capital 26 Offer price paid for fully per paid up share Rs. 27 Offer price paid for per partly paid up share Rs. 28 Date of payment/settlement date 29 Consideration paid in open offer (in Rs.) Rs. in Million 30 Detail of interest paid due to delay in payment amount 31 Post offer shareholding of Acquirer and PAC Number of shares & % 32 Post Offer Announcement PDF document
Table X: ISD for voluntary delisting of equity shares where exit opportunity is required
Sr.
No.
Particular Field Description Source for information Remarks Pre tendering stage 1 Company Name of Company Manager to the Offer Data from 1 to 45 shall be submitted by the Manager to the Offer before grant of in principle approval by the Exchange(s) 2 ISIN ISIN 3 Scrip ID Character 4 Scrip Code Number 5 Registered Office of the Company Address 6 Corporate Office of the Company Address 7 Names & addresses of promoters Name & Address 8 Shareholding of promoter & promoter group Number of shares & % 9 Name of Company Secretary and Compliance Officer Name of CS 10 Email Id of Compliance Officer EMAIL ID 11 Website address URL 12 Exchanges where listed Name 13 Platform Small company/ other than Small Company 14 Delisting Type Voluntary Delisting / Delisting Offer under Regulation 5A of SEBI SAST Regulations 15 Name of Registrar to Offer Name 16 Email Id of Registrar to Offer EMAIL ID 17 Helpline number of Registrar to Offer Number 18 Manager(s) to the Offer Name 19 Email Id of Manager to Offer EMAIL ID 20 Helpline number of Manager to Offer EMAIL ID
Sr.
No.
Particular Field Description Source for information Remarks 21 Name of the Acquirer(s) Name Manager to the Offer 22 Shareholding of Acquirer(s) Number of shares & % 23 Name of the Person(s) Acting in Concert Name 24 Shareholding of the Person(s) Acting in Concert Number of shares & % 25 Delisting from BSE/ NSE 26 Initial public announcement PDF Document 27 Date of approval of Board of Directors of Target Company in respect of the proposal of the acquirer to delist the equity shares Date 28 "Reference date" for determination of floor price Date 29 Floor Price Rs. Per Equity Share 30 Indicative Price if any Rs. Per Equity Share 31 Revised Indicative price if any Rs. Per Equity Share 32 Date of revised Indicative price if any Date 33 Date of approval of shareholders through special resolution Date 34 Date of In-principle approval granted by the Stock Exchanges Date 35 Detailed public announcement PDF Document 36 'specified date’ for determining the names of the shareholders to whom the letter of offer shall be sent Date 37 Designated Stock Exchange Name 38 Letter of Offer PDF document 39 News Paper publication w.r.t Recommendations of the Committee of independent directors PDF document 40 Tendering start date Date 41 Last date for upward revision or withdrawal of bids Date 42 Tendering closing date Date
Sr.
No.
Particular Field Description Source for information Remarks 43 Last date for announcement of counter offer Date Manager to the Offer 44 Last date for Public Announcement regarding success or failure of the Delisting Offer Date 45 Proposed date for payment of consideration to public shareholders who validly tendered in the delisting offer Date Post tendering stage 46 Discovered price Rs. Per Equity Share Manager to the Offer Data from 46 to 58 shall be submitted by the Manager to the Offer before grant of Final Delisting approval by the Exchange(s) 47 Exit Price, if higher than the discovered price (Pursuant to Regulation 20(6) of SEBI Delisting Regulations) Rs. Per Equity Share 48 Date of counter offer (if applicable) Date 49 Counter offer price (if applicable) Rs. Per Equity Share 50 Book value per equity share if counter offer is provided (as per Regulation 22(5) of the SEBI Delisting Regulations) Rs. Per Equity Share 51 Date of payment/ settlement Date 52 Consideration paid in voluntary delisting (in Rs.) Rs. in Million 53 Detail of interest paid due to delay in payment Amount 54 Post offer shareholding of Acquirer / PAC Number of shares & % 55 Post offer shareholding of Public Number of shares & % 56 Date of issuance of final notice for voluntary delisting by the Stock Exchange Date 57 Last date for remaining shareholders to tender equity shares Date 58 Effective date of delisting (as mentioned in Exchange's final notice) Date
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“This Circular is issued in exercise of the powers conferred under Section 11 and Section 11A of the Securities and Exchange Board of India Act, 1992”
“public issue under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”)”
“SEBI/HO/CFD/PoD-1/P/CIR/2023/29 February 15, 2023”
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