Mahesh Shetty Promoter of MT Educare Ltd ("the Company") being the selling Promoter has submitted to BSE a Notice of Offer for Sale proposes to sell up to 55 66 936 shares of face value of Rs.10/- each representing 7.71% of total paid-up equity share capital of the Company on Day of OFS through sale on separate designated window of BSE Limited (the "BSE") and the National Stock Exchange of India Limited ("NSE" and together with the BSE the "Stock Exchanges").
Date & Time of the opening and closing of the offer:
The Offer shall take place over two trading days as provided below:
- For Non-Retail Investors: May 20 2019 ("T")
The Sale shall take place on a separate window of the Stock Exchanges on T Day i.e. May 20 2019 Commencing at 9:15 a.m. and shall close at 3:30 p.m. (Indian Standard Time) on the same date. On the T+1 day Non-Retail Investors may indicate their willingness to carry forward their bids to T+1 day (defined below).
Please note that only Non-Retail Investors shall be allowed to place their bids on T day i.e. May 20 2019
- For Retail Investors (define below) and for Non-Retail Investors who choose to carry forward their bid on May 21 2019 ("T+1 Day")
The Offer shall continue to take place on a separate window of the Stock Exchanges on T+1 day i.e. May 21 2019 Commencing at 9:15 a.m. and shall close at 3:30 p.m. (Indian Standard Time) on the same date.
Please note that only Retail Investors shall be allowed to place their bids only on T+1 day. Further those Non-Retail Investors who have placed their bids on T day and have chosen to carry forward their bids to 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 of the Offer shall be Rs. 76 per equity share of the Company.
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