(I) up to 9,666,173 equity shares by Mahindra & Mahindra Limited (the Promoter);
(II) up to 9,271,180 equity shares by Normandy Holdings Limited; and (III) up to 394,993 equity shares by Kedaara Capital Alternative Investment Fund – Kedaara Capital AIF 1,
(the “Offer for Sale” or the “Offer” and such Shareholders offering their respective Equity Shares in the Offer for Sale are collectively hereinafter referred to as the “Selling Shareholders” and individually as a “Selling Shareholder”).
The offer includes a reservation of up to 125,000 equity shares for subscription by Eligible Employees (as defined in the RHP) (the “Employee Reservation Portion”).
The offer less the Employee Reservation Portion is hereinafter referred to as the “Net Offer” and such Net Offer aggregates up to 19,207,346 Equity Shares. The Offer and the Net Offer shall constitute 27.17% and 27%, respectively, of the post-offer paid-up Equity Share capital of the Company. The Offer includes a discount of Rs 42 per equity share on the Offer Price to Eligible Employees (the “Employee Discount”).
Bids can be made for a minimum of 34 equity shares and in multiples of 34 equity shares thereafter. The Company and the Selling Shareholders, in consultation with the BRLMs, may consider participation by Anchor Investors, in accordance with the SEBI ICDR Regulations.
The Anchor Investor Bidding Date shall be one Working Day prior to the Bid/Offer Opening Date; i.e., October 30, 2017.
The offer will close on Thursday, November 2, 2017.
The BRLMs to the Offer are Kotak Mahindra Capital Company Limited and Axis Capital Limited.
The equity shares proposed to be issued through the RHP are proposed to be listed on BSE and NSE.
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