AMENDMENTS TO THE OFFER AGREEMENT. 3.1. The Parties agree that Recital A of the Offer Agreement shall be amended and replaced in its entirety with the following:
AMENDMENTS TO THE OFFER AGREEMENT. 2.1. The Parties agree that the existing Recital A of the Offer Agreement shall be replaced and substituted with the following: “The Company and the Selling Shareholders propose to undertake an initial public offering of equity shares of the Company bearing face value ₹ 10 each (“Equity Shares”), comprising an issue of Equity Shares by the Company aggregating up to ₹ 6,000 million (“Fresh Issue”) and an offer for sale of (i) up to 650,000 Equity Shares by Xxxxxx Xxxxxxx; (ii) up to 100,000 Equity Shares by Mini Sachdev; (iii) up to 1,400,000 Equity Shares by Xxxxx Xxxx; (iv) up to 1,400,000 Equity Shares by Creation I; (v) up to 3,539,091 Equity Shares by Global; and (vi) up to 6,606,375 Equity Shares by Xxxxxxxxxx (collectively, the “Offer for Sale” and together with Fresh Issue, the “Offer”), in accordance with the Companies Act, 2013, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (“SEBI ICDR Regulations”) and other Applicable Law (as defined herein), at such price as may be determined through the book building process in accordance with the SEBI ICDR Regulations (such price the “Offer Price”) by the Company through the IPO Committee in consultation with the Book Running Lead Managers. The Offer includes an offer (i) within India, to Indian institutional, non-institutional and retail investors in compliance with the SEBI ICDR Regulations, (ii) to persons in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act (“U.S. Persons”)), in each case that are both “qualified institutional buyers” (as defined in Rule 144A (“Rule 144A”) under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”)) and “qualified purchasers” (as defined under the United States Investment Act of 1940, as amended (the “U.S. Investment Company Act”) in transactions exempt from or not subject to the registration requirements of the U.S. Securities Act and in reliance upon section 3(c)(7) of the U.S. Investment Company Act, and (iii) outside the United States to investors that are not U.S. Persons nor persons acquiring for the account or benefit of U.S. Persons in offshore transactions in reliance on Regulation S (“Regulation S”) under the U.S. Securities Act and the applicable laws of the jurisdiction where those offers and sales occur. In accordance with the SEBI ICDR Regulations, the Offer may also include alloc...
AMENDMENTS TO THE OFFER AGREEMENT. 14.1 The Corporation, the Selling Shareholder and the BRLMs agree herewith to amend the relevant clauses of the Offer Agreement in the manner set out below:
AMENDMENTS TO THE OFFER AGREEMENT. 2.1. Annexure A to the Offer Agreement shall be replaced with the following: Sr. no. Name of Selling Shareholder Number of Equity Shares offered in the Offer for Sale Date of consent letters 1. Xxxxxx Xxxxxxxxxx Xxxxx Up to 18,366,311 August 23, 2022
AMENDMENTS TO THE OFFER AGREEMENT. 3.1. Recital A of the Offer Agreement is hereby amended and substituted in its entirety with the following clause: “The Bank and the Selling Shareholders propose to undertake an initial public offering of equity shares of face value of INR 10 each of the Bank (the “Equity Shares”), comprising (i) a fresh issue of Equity Shares (the “Fresh Issue Shares”) aggregating to INR 4,867.40 million (the “Fresh Issue”); and (ii) an offer for sale of Equity Shares by the Selling Shareholders (“Offered Shares”) aggregating up to INR 723.00 million (the “Offer for Sale” and together with the Fresh Issue, the “Offer”) in accordance with the Companies Act, 2013, as amended (the “Companies Act”), the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the “ICDR Regulations”), and other Applicable Laws, and at such price as may be determined by the Bank and the Selling Shareholders in consultation with the Managers through the book building process under the ICDR Regulations (the “Offer Price”). The Offer for Sale comprises an offer for sale of Equity Shares by the Corporate Promoter Selling Shareholder, BALIC and PNB MetLife aggregating up to INR 492.60 million, INR 103.70 million and INR 126.70 million, respectively. The Offer may include a reservation of Equity Shares for subscription by Eligible Employees (“Employee Reservation Portion”). Our Bank and the Promoter Selling Shareholders may, in consultation with the BRLMs offer a discount to Eligible Employees bidding in the Employee Reservation Portion (“Employee Discount”), subject to necessary approvals as may be required. The Offer less the Employee Reservation Portion is hereinafter referred to as the “Net Offer.”
AMENDMENTS TO THE OFFER AGREEMENT. The following amendments to the Offer Agreement shall take effect as of the date of this Second Addendum:
AMENDMENTS TO THE OFFER AGREEMENT. 2.1 The existing Recital A of the Offer Agreement, as amended by the Amendment to Offer Agreement shall be amended and replaced by the following: “…The Company and the Selling Shareholders are proposing to make an initial public offering along with an offer for sale of equity shares of face value of ₹ 10 each (Equity Shares), through the Book Building Process, as prescribed in Part A of Schedule XIII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, (SEBI ICDR Regulations), at such price discovered through the Book Building Process and as agreed to by the Company in consultation with the Selling Shareholders and Book Running Lead Managers (Offer Price) (Offer). The Offer will be made to Indian institutional, non-institutional and retail investors in accordance with the SEBI ICDR Regulations. The Offer also includes an offer outside the United States to certain institutional and other eligible foreign investors in “offshore transactions” as defined and in reliance on Regulation S (Regulation S) under the United States Securities Act of 1933, as amended (U.S. Securities Act) and the Applicable Laws of the jurisdictions where such offers and sales are made. The Offer shall consist of: (i) fresh issue of Equity Shares by the Company aggregating up to ₹ 1,650.00 million (Fresh Issue); and (ii) an offer for sale aggregating up to 39,00,000 Equity Shares by the Selling Shareholders (Offer for Sale). The Offer may also include allocation of Equity Shares to certain Anchor Investors in consultation with the Book Running Lead Managers, on a discretionary basis, in accordance with the SEBI ICDR Regulations…”
AMENDMENTS TO THE OFFER AGREEMENT. 1.1 Annexure A to the Offer Agreement shall be replaced with the following:
AMENDMENTS TO THE OFFER AGREEMENT. 2.1. Further, Clause 20.2 of the Offer Agreement shall be amended and replaced with “Other than
AMENDMENTS TO THE OFFER AGREEMENT
