| Initial public offering of up to 495,898,076 equity shares of face value of Rs. 10 each (the "equity shares") of PNB Metlife India Insurance Company Limited (the "company") for cash at a price of Rs. (*) per equity share (the "offer price") through an offer for sale of up to 495,898,076 equity shares aggregating to Rs. (*) Crores (the "offer") by the selling shareholders, including up to 80,495,242 equity shares aggregating to Rs. (*) Crores by Punjab National Bank ("PNB"), up to 129,036,281 equity shares aggregating to Rs. (*) Crores by Metlife International Holdings LLC ("mihl"), up to 107,611,370 equity shares aggregating to Rs. (*) Crores by M Pallonji & Company Private Limited ("mpcl"), up to 76,659,064 equit" shares aggregating to Rs. (*) Crores by Elpro International Limited ("eil"), up to 19,164,766 equity shares aggregating to Rs. (*) Crores by IGE (India) Private Limited ("ige"), up to (76,641,892 equity shares aggregating to Rs. (*) Crores by The Jammu & Kashmir Bank Limited and up to 6,289,461 equity shares aggregating to Rs. (*) Crores by Manimaya Holding Private Limited ("manimaya"). The offer shall constitute 24.64% of the post-offer paid up equity share capital of the company.
The price band and the minimum bid lot will be decided by the company. |