Notice of offer for Sale of shares by Promoters & Floor price: Reliance Capital had submitted to BSE a copy of Notice of the proposed offer for sale up to 17,507,595 Equity Shares (representing 2.86% of the total issued and paid-up Equity Share capital of Reliance Nippon Life Asset Management Ltd on June 13, 2019 (“T-Day”) (for non-retail investors).
On June 14 2019, (“T+1 Day”) (for retail investors and for non-retail investors who choose to carry forward their un-allotted bids), through a separate, designated window of BSE Limited and National Stock Exchange of India Limited.
Floor Price: Rs. 212/- per equity share of the company
Offer Size: Rs.1,100 crore
Retail Reservation: 10% of the sale shares
Retail Discount: No Discount
Non-Retail Reservation: 25% of the sale shares reserved for mutual funds
Date and time of the opening and closing of the offer:
- For Non-Retail Investors: On 13th June 2019 ( From 9:15 A.M to 3:30 P.M )
- For Retail Investors: On 14th June 2019 ( From 9:15 A.M to 3:30 P.M )
Selling Member: Nomura Financial Advisory and Securities (India) Private Limited
Financial Performance Highlights for the year ending March 31, 2019:
In Q4, the company has posted solid PAT growth of 34% to Rs 151 Cr., RNAM's assets under management at the end of fiscal 2019 were Rs 422,149 crore, annually increase by 7%. Total income of the company during the period dropped to Rs 397 crore from Rs 440.19 crore in Q4FY18. However, the asset management company’s MF AUM came off by 5% YoY to Rs 2.33 lakh crore. Overall, the trend in RNAM’s asset flows is very encouraging.