Orbis Rights Issue
LETTER OF OFFER
Offer for 1,62,14,133 (One Crore Sixty Two Lakh Fourteen Thousand One Hundred and Thirty
Three only) equity shares of face value of Rs. 10/- (Rupees Ten only) per share at a premium of
Rs. 59 (Rupees Fifty Nine only) per share for cash, aggregating to
Rs. 1,11,87,75,177 (Rupees One Hundred Eleven Crore Eighty Seven Lakh Seventy Five
Thousand One Hundred and Seventy Seven only) on rights basis in the ratio of 01 Equity Share
for every 6 Equity Shares held (any fractional entitlements shall be rounded to the nearest
integer) held by the eligible shareholders on the record date i.e. November 18, 2022 (Friday)
PRINCIPAL TERMS AND CONDITIONS
- Offer Size: 1,62,14,133 (One Crore Sixty Two Lakh Fourteen Thousand One Hundred and
Thirty Three only) equity shares of face value of Rs. 10/- (Rupees Ten only) per share at a
premium of Rs. 59 (Rupees Fifty Nine only) aggregating to Rs. 1,11,87,75,177 (Rupees One
Hundred Eleven Crore Eighty Seven Lakh Seventy Five Thousand One Hundred and Seventy
Seven only). - Offer Price: The offer price is Rs. 69/- per share including a premium of Rs. 59/- per share.
- Objects of the Offer: To augment the working capital of the company and support the business
expansion plans trough induction of induction of fresh equity capital. - Offer Period: The offer shall remain open for a period of 15 days from the date of opening of
offer i.e. November 28, 2022 to December 12, 2022 (both dates inclusive) within which the
offer, if not accepted, shall be deemed to be declined. - Disposal of unsubscribed shares: If the duly filled Application form along-with the application
money is not received by the Company or its bankers before the close of banking hours on or
before December 12, 2022 or such extended date, if any, then this offer shall be deemed to
have been declined and the Board may dispose off the unsubscribed shares in such manner
as it deem fit. - Renunciation: This offer carries the right of renunciation. The rights offer of shares can be
renounced, wholly or in part, in favour of any person(s). This right of renunciation is subject to
the express condition that the Board shall be entitled in its absolute discretion to reject the
request for allotment from the renouncer(s) in case the renouncee is not an existing
shareholder, without assigning any reason thereof. The shareholders can renounce their rights
entitlement of shares by signing the enclosed ‘Form – B’ – Form of Renunciation in favor of the
renouncee. - Allotment: The Company will allot the Equity Shares within 60 days from the date of receipt of
application money. - Offer Period: The offer shall remain open for a period of 15 days from the date of opening of
offer i.e. November 28, 2022 to December 12, 2022 (both dates inclusive) within which the
offer, if not accepted, shall be deemed to be declined.
