~ G'lcn 3ffQi ~Iim~ctln 3UG; ~~Central Bank of India

1911 # 3lJtl$ ~~. 'CENTRAl TO YOU SINCE 1911

Central Office

Part I: Request for Quotation (RFQ)

Ref No: ITB12019-201-L3r;?

To,

Prospective Buyers and SEBI registered Cat-I Merchant Bankers,

Sub : Quotation for sale of 3,50,000 equity shares of The Clearing Corporation of India Limited(CCIL) of Face Value ofRs. 10 each by Central Bank ofIndia (the Seller 1 the Bank)

The Bank is proposing to sell 3,50,000 equity shares of Face Value of Rs. 10 each of CCIL with a floorprice ofRs. 6051- per share.

The Bank invites your quotation 1 bid for subscription to the aforesaid equity based on the "IssueStructure" attached herewith as Part II. The Bids should be in conformity with the terms and conditionsstated in this document read along with part II and should be submitted latest by 1600 Hrs. 29th June

tt•.2019 in a sealed envelope to:

General Manager, Treasury & IDCentral Bank of Indias" Floor, ChandermukhiNariman point Mumbai-400021Tel: 022~66387555/7550/7790Fax: 022-22049475Email: gmtreasury@centralbank.co.in

The sealed envelope should be marked as "Bid for Central Bank ofIndia -CCIL Share Sale"

www.centralbankoflndta.co.ln

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Chander Mukhi, Nariman Point, Mumbai - 400021 • Tel. : 2202 6438, 6638 7777. Fax: (91-22) 2204 4336

~ GJ'cn aUlD ;ffgm~ctas aug; ;ffimCentral Bank of India

1911 'll3!l'!il; ~ .~' 'CENTRA['TOYOU SINCE 1911

Central Office

I. Submission of Bids:a) Bids should be submitted individually and independently by Prospective Buyer or by the SEBI

registered Cat-I - Merchant Banker (hereafter Prospective Buyer and Merchant Banker to becalled as Bidder). Bidding in consortium is not permitted.

b) Bids for the price per share and the merchant banker's fee should be mentioned clearly and inconformity with the terms and conditions stated in the RFQ along with Issue Structure. All thepages of the bid should be signed and stamped by the authorized officer(s) of prospective buyeror of the bidding merchant banker.

c) Submission of bids by Bidder/s shall mean that they have accepted all the terms and conditionsmentioned in this document and Part II.

d) The bidder shall not be allowed to withdraw the bid after submission. A bid once submitted shallbe valid up to 30.09.2019.

e) The Bidder/s should confirm that all information, documents, statements produced by them intheir bid are true and complete, duly signed and stamped on their letterhead or under their seal bytheir authorized officer(s). Under no circumstances, the Bidder/s should give or withhold anyinformation or statement or document that is likely to mislead the Bank.

f) The Bidderls should confirm that they have complied with! agree to comply with all the statutoryformalities/guidelines/ regulations /circulars issued by the Reserve ~ank of India, SEBI,Companies Act 2013 read along relevant Rules, CCIL guidelines and other relevant statutoryprovisions as applicable to the present sale of shares.

g) The Bidder/s should ensure completion of all legal, regulatory and statutory requirements of allthe parties to the sale required for completion of the transaction.

h) The Prospective Buyer should be an active User of the at least one of the payment systems ofthe CCIL during the last one year preceding the date of expression of interest for buying theshares of CCIL.

i) The direct shareholding of the prospective Buyer at no point of time should exceed 10% of thepaid up equity share capital of the Company. Further, the shareholding of the prospectiveBuyer together with the shareholding of its holding, subsidiary or associate companies at nopoint of time should exceed 15% of the paid up equity share capital of the company.

j) The floor Price has been fixed at Rs. 605/- per share and bid price should be equal.to or above thefloor price. The proposal below floor price will be summarily rejected.

k) In case bid is submitted by Merchant Banker then Merchant Bankers shall provide any othertransactional support required for the successful completion of the sale.

1) The Bank shall execute the process of short-listing! selection of the bids as per the detailshereunder.

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Chander Mukhi, Nariman Point, Mumbai - 400021 • Tel. : 2202 6438,66387777 • Fax: (91-22) 2204 4336, www.centralbankofindia.co.in

~ ifCIS3ffw ~f8m~atas 3HVi ~~Central Bank of India

1911 ~ 3!J'!iI;- ~ ..~. "CENTRA~'TOYOU SINCE 1911

Central Office

II. Details of Financial Bid ( Multiple bids will not be allowed):The Bidder should submit their financial bids as per format given hereunder:

SN Particulars Details to be submitted

1 Name of the bidding Merchant Bankerl Prospective Buyer2 Price offered per share (in Rs. up to two decimals)3 Merchant Banker's fee, per share, (in Rs.)( if Applicable)4 Net consideration, per share, to the Bank (in Rs.)

III. Evaluation of bids:a) The bids shall be evaluated after taking into account the net price per share (gross price per

share- brokeragel fee). The Bank shall shortlist the Bidls to the issue based on the bestconsideration to the Bank. Net consideration per share to the Bank after deduction ofMerchant Bankers fee if any should not be less than floor price i.e. Rs. 605/- per share.

b) The Bidder quoting the best consideration to the Bank shall be "HI" bidder. The Bidder quotingthe next highest consideration shall be "H2" bidder and so on.

c) If more than one Bidders are declared as HI Bidders, such Bidders shall be provided anopportunity to revise the price upward by submitting fresh bid in a sealed envelope on the nextworking day of finalising the process mentioned under (a).

~d) The Bids has to be submitted for 3.50 lakh shares. Quoting range of price shall not be accepted.e) In case Bid is submitted by Merchant Banker and is shortlisted by the Bank, the Merchant

Banker(s) has to furnish the details of the intending Purchaser for approval ofCCIL.f) The board of CCIL has the right to approve the price and the purchaser. The bid shall"be accepted

subject to clearance I permission by CCIL as per their regulations of share transfer and pre-emptive rights if any. Requisite RBI clearance if any has to be obtained by the Bank ICCILbefore finalizing the transaction.

g) The Bank reserves the right to cancel or accept anyl all the bids, at its sole and absolutediscretion, without assigning any reason whatsoever.

h) The bid shall be opened at given office at 1700 Hrs. on 29.06.2019. The Bidderls may remainpresent at the time of opening of the bid.

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Chander Mukhi, Nariman Point, Mumbai - 400021 • Tel. : 2202 6438, 66387777 • Fax: (91~22) 2204 4336. www.centralbankofindia.co.in

~csrcn aUlD ~fi'm~cstln aRgi ~ftmCentral Bank of India

1911 if Jll'f<!> fRlr .~. "CENTRAC' TO YOU SINCE 1911

Central Office

Part II -Issue Structure

Paid up equity capital of CCIL 5 Crore shares ofRs. 10 each: Rs. 50 CroreTotal number of equity shares to be sold by 3,50,000 shares (Three Lakh & Fifty ThousandCentral Bank of India Only)Bid Size 3.50 lakhs sharesFloor Price Per share Rs. 605/- Per shareDate of Pre-bid meeting 10.06.2019Last Date for submission of Bids 29.06.2019Date of opening of Bids 29.06.2019Date of acceptance of bids and communication to Before 30.09.2019 or within 3 days of receivingthe Merchant Banker consent from CCIL, whichever is laterLast Date of completion of sale Before 30.09.2019 or within 15 days of receiving

consent from CCIL, whichever is later

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Chander Mukhi, Nariman Point, Mumbai - 400021 • Tel. : 2202 6438,66387777 • Fax: (91~22)2204 4336. www.centralbankofindia.co.in