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TMI BlogFiling of letter of offer with the BoardX X X X Extracts X X X X X X X X Extracts X X X X ..... the manager to the open offer, file with the Board, a draft of the letter of offer containing such information as may be specified along with a non-refundable fee, as per the following scale, 1[by way of direct credit in the bank account through NEFT/RTGS/IMPS or] 3[online payment using the SEBI Payment Gateway or any other mode as may be specified by the Board from time to time.],- 2[Sl. No. Co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... being enhanced owing to a revision to the offer price or offer size the fees payable shall stand revised accordingly, and shall be paid within five working days from the date of such revision. (3) The manager to the open offer shall provide soft copies of the public announcement, the detailed public statement and the draft letter of offer in accordance with such specifications as may be specifie ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rer shall carry out such changes in the letter of offer before it is dispatched to the shareholders. (5) In the case of competing offers, the Board shall provide its comments on the draft letter of offer in respect of each competing offer on the same day. (6) In the event the disclosures in the draft letter of offer are inadequate the Board may call for a revised letter of offer and shall deal w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... less than or equal to five thousand crore rupees. One crore twenty five lakh rupees (1,25,00,000) plus 0.03125 per cent of the portion of the offer size in excess of one thousand crore rupees (1000,00,00,000). d. More than five thousand crore rupees. Two crore fifty lakh rupees (2,50,00,000) plus 0.01 per cent of the portion of the offer size in excess of five thousand crore rupees (5000,00,0 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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