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Xchanging Solutions Ltd. - Notice of Offer for Sale of Shares by Promoter & Floor Price

| Updated on June 07, 2019 Published on June 07, 2019

Xchanging Technology Solution Services India Private Ltd ("the Sellers"), promoter of Xchanging Solutions Limited (the "Company"), has informed BSE that to proposes to sell up to 8,799,730 Equity Shares (representing 7.90% of total paid-up equity share capital of the Company) (the "Base Offer Size") on June 10, 2019 ("T Day") (for non-retail investors only) and on June 11, 2019 ("T+1 Day") (for retail investors and non-retail investors who choose to carry forward their unallotted bids) with an option to additionally sell 8,799,731 Equity Shares (representing 7.90% of the total paid up equity share capital of the Company) (the "Oversubscription Option" and in the event the Oversubscription Option is exercised, the Equity Shares forming part of the Base Offer Shares and the Oversubscription Option will hereinafter be referred to collectively as the "Offer Shares", and in case the Oversubscription Option is not exercised, the Equity Shares forming part of the Base Offer Shares will hereinafter be referred to as the "Offer Shares") through sale on separate designated window of the BSE Limited (the "BSE") and the National Stock Exchange of India Limited (the "NSE", and together with the BSE, the "Stock Exchanges").

- Date and 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: June 10, 2019 ("T Day")

The Offer shall take place on a separate window of the Stock Exchanges on T Day i.e., June 10, 2019, commencing at 9:15 a.m. and shall close at 3:30 p.m. (Indian Standard Time) on the same date. Non-Retail Investors who have placed their bids on T Day may indicate their willingness to carry forward their bids to T+1 Day (defined below) for allocation to them in the unsubscribed portion of Retail Category (defined below).

Please note that only non-Retail Investors shall be allowed to place their bids on T Day i.e., June 10, 2019

For Retail Investors (defined below) and for non-Retail Investors who choose to carry forward their bids: June 11,2019 ("T+1 Day")

The Offer shall continue to take place on separate window of the Stock Exchange on T+1 Day, i.e., June 11, 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 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.

- FIoor Price : The floor price of the Offer shall be Rs. 45 per Equity Share (the "Floor Price").

Pdf Link: Xchanging Solutions Ltd. - Notice of Offer for Sale of Shares by Promoter & Floor Price

Source : BSE - www.bseindia.com

Published on June 07, 2019

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