The Economic Times - Delhi, 3/13/2019 Cropped page Page: 7 CCI NG 3.7 Product: ETDelhiBS PubDate: 13-03-2019 Zone: DelhiCapital Edition: 1 Page: ETDCECO4 User: raj.kumar8 Time: 03-12-2019 23:20 Color: CMYK

Companies: Pursuit of Profit  7 | NEW DELHI / GURGAON | WEDNESDAY | 13 MARCH 2019 | WWW.ECONOMICTIMES.COM

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“The draft (of national broadcast favours self-regulation for the bro- structures because of technologi- I&B Ministry Our Bureau policy) is being prepared and we are adcast sector. There is no reason to cal change which also provides a Disney’s Merger working with key and other stake- believe that a wise person sitting in “great opportunity in terms of con- : The information and bro- holders,” Khare said in Mumbai on Delhi would be more knowledgeab- tent which will be used by the custo- Working with adcasting ministry is working with Tuesday while delivering the key- le or more prudent compared to the mer or the client at the other ends”. the Federation of Indian Chambers note address at the media industry industry people who are dealing Talking about the media and en- Ficci on National of Commerce & Industry (Ficci) to conclave Ficci Frames 2019. with the subject on a day-to-day ba- tertainment industry, he said it is a with Star frame a national broadcast policy, Khare said the government had so sis,” he said. very important part of the Indian said Amit Khare, secretary, infor- far followed a “liberal policy” of ha- However, he said, there is a need to economy as it provides more than to Cost 350 Jobs Broadcast Policy mation and broadcasting ministry. ving less regulation. “The ministry relook at the existing regulatory two million jobs. This is a public announcement for information purposes only and is not a prospectus announcement. This does not constitute an invitation or offer to acquire, purchase or subscribe for securities. Deal on track, Sanjay Gupta to head merged co Not for publication or distribution , directly or indirectly outside India . a counter bid, Disney upped its Gaurav.Laghate offer to $71.3 billion in cash and l @timesgroup.com stock. M a=Wr The deal is expected to cata- Mumbai: The Walt Disney pult Walt Disney to the top seat Company’s $71.3-billion acqui- in the Indian entertainment LIMITED sition of Rupert Murdoch-ow- genre as it will own rights of so- MSTC LIMITED (sTT d ,i 3y A) MSTC (A GOVT. OF INDIA ENTERPRISE) ned 21st Century Fox, which in- me of the biggest media proper- cludes Star India, will axe 300- ties like the Indian Premier Le- 350 jobs in India, said two per- ague (IPL), the English Premi- Our Company was incorporated as *Metal Scrap Trade Corporation Limited", under the provisions of the CompaniesAct , 1956 on September 9, 1964 at Kolkata and the Certificate of Incorporation was issued by the Registrar of Companies, West Bengal at Kolkata ("RoC"). sons in the know. er League (EPL), top regional- Subsequently the name of our Company was changed to 'MSTC Limited" pursuant to the special resolution passed by the shareholders in the general meeting held on September 26 , 1994 and afresh certificate of incorporation consequent upon such change of name was issued by the RoC on November 9, 1994. For details of change in the name and Registered Office of ourCompany,please refer to the section tided 'HistoryandCertain Corporate Matters "on page 135 ofthe Red Herring Prospectus. The merger, which is awai- language and Reg istered and Corporate Office : 225-C , A. J. C. Bose Road , Kolkata - 700 020 , West Bengal , India; Contact Person : Ajay Kumar Rai , Company Secretary and Compliance Officer; Tel: +91-033-2281-3088; Email: [email protected] ting some clearances in Mexi- Hindi TV shows, Website : www.mstcindia.co.in; Corporate Identity Number: U27320WB1964GO1026211 co, is on track in India and the and films. two sides have begun sharing Disney will OUR PROMOTER : THE PRESIDENT OF INDIA ACTING THROUGH THE MINISTRY OF STEEL, GOVERNMENT OF INDIA data and knowledge, one of the now have assets persons said, adding that the across broadcas- INITIAL PUBLIC OFFERING OF UPTO 17,670,400 EQUITY SHARES OF FACE VALUE OF Z 10 EACH ("EQUITY SHARES") OF MSTC LIMITED ("OUR COMPANY") THROUGH AN OFFER FOR SALE BY THE PRESIDENT OF management structure is also The two sides ting, digital, INDIA, ACTING THROUGH THE MINISTRY OF STEEL, GOVERNMENT OF INDIA (THE "SELLING SHAREHOLDER") FOR CASH AT A PRICE* OF Z [] PER EQUITY SHARE (THE "OFFER PRICE"), AGGREGATING TO Z [] being worked upon. have already film, entertain- MILLION (THE "OFFER"). THE OFFER INCLUDES A RESERVATION OF UP TO 70,400 EQUITY SHARES AGGREGATING TO Z [] MILLION FOR SUBSCRIPTION BY ELIGIBLE EMPLOYEES FOR ALLOCATION AND “The announcement can come begun ment and sports ALLOTMENT ON A PROPORTIONATE BASIS ("EMPLOYEE RESERVATION PORTION"). THE OFFER LESS EMPLOYEE RESERVATION PORTION IS REFERRED TOAS THE NET OFFER . THE OFFER AND THE NET OFFER sharing data later this week or early next we- in India, along WILL CONSTITUTE 25.10% AND 25.00% RESPECTIVELY, OF THE POST OFFER PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY. & knowledge ek. The sharing of information with about 30% *A discount of? 5.50 per Equity Share on the Offer Price will be offered to the Retail Individual Bidders (" Retail Discount ") and adiscount of5.50perEquity Share on the OfferPrice will be offered to the Eligible Employees is on and books will be closed by of Tata Sky and a fourth of the bidding in the Employee Reservation Portion ("Employee Discount '). March 31. Post-merger, close to equity in leading production 350 positions will become re- house Endemol Shine India. dundant and a restructuring Together, the merged com- QIB Category: Not less than 75% of the Net Offer will take place,” a source said. pany will have close to 80 Retail Category: Not more than 10% of the Net Offer Another person said the mer- channels, up from Disney’s ged entity, Star and Disney In- eight channels now, with lea- Non Institutional Category: Not more than 15% of the Net Offer dia, will be headed by Sanjay ding brands across Hindi, Reserved Category: 70,400 Equity Shares for Eligible Employees Gupta, who is now the Star In- Bengali and Malayalam in the dia managing director. He will general and mass-entertain- report to Uday Shankar, chair- ment space. PRICE BAND: Z 121 TO Z 128 PER EQUITY SHARE OF FACE VALUE OF Z 10 EACH man of Star and Disney India, ET had reported on December and president of The Walt Dis- 15, 2017, that Disney had laid off THE FLOOR PRICE IS 12.1 TIMES THE FACE VALUE OF THE EQUITY SHARES AND THE CAP PRICE IS 12.8 TIMES ney Co Asia Pacific. many people in a revamp exer- THE FACE VALUE OF THE EQUITY SHARES Sanjay Jain, who serves as cise in 2016 and this deal will set Star India CFO, is expected to off another round of job cuts. BIDS CAN BE MADE FOR A MINIMUM OF 90 EQUITY SHARES AND IN MULTIPLES OF 90 EQUITY SHARES THEREAFTER move to The Walt Disney Co Asia Pacific in a similar role, while Sujeet Vaidya, CFO at Applications Supported by Blocked Amount (ASBA) is a better way of app lying to Issues by simply blocking Disney India, will oversee fi- A SBA * Simple, Safe, Smart way of Application!!! the fund in the bank account . For details , check section on ASBA below. nances of the merged entity. I Mandatory in public issues. No cheque will be accepted. Abhishek Maheshwari, co- untry head of Disney India, Offers are invited for 7000 'ASBA is a better way ofapplying to issues by simply blocking the fund in the bank account. For further details check section on ASBA below: ASBA has to be availed by all the investors will take over the English and Sq. Meters prime land in except anchorinvestors. UPI maybe availed by Retail individualInvestors. Fordetailson theASBA and UPI process , please referto the details given inASBA form and abridged prospectus kids clusters as well as live the heart of Kanpur City. and also please refer to the section "Issue Procedure - Issue Procedure ofASBABidders"beg inning on page 286 of the Red Herring Prospectus. The process is also available on the Now available in ASBA for retail Individual investors events of the merged entity. Land is Suitable for Whole UPI website ofAlBl and Exchanges in the General Information Document."ASBA bid-cum application forms can be downloaded from the websites of Bombay Stock Exchange and National This will include Star World, Sale Outlets , Industry, Stock Exchange and can be obtained from the list of banks that is displayed on the website of SEBI at wwwsebi.gov in. List ofbanks supporting UPI is also available on the website of SEBI at www. sebi.govin. ICICI Bank Limited has been appointed as Sponsor Bank forthe Offer in accordance with the requirements of the SEBI Circular dated November 1 2018. Star Movies and the kids’ chan- Schools , College , , , nels from the Disney stable. Godown. We are ready to Gaurav Banerjee, who heads the Hindi general entertain- develop the p lace and Risks to Investors: ment channels (GECs) for Star lease the same for long India, will lead all Hindi enter- term or outright sale is The Book Running Lead Manager associated with the Offer has handled one public issue in the past three years out of which none closed tainment channels — GECs also acceptable. below the issue price on listing date. and movies —including Dis- Please contact at ney-owned UTV Movies. : The average cost of acquisition per Equity Share for our Promoter and Selling Shareholder is ? 0.049 per Equity Share. The Offer Price at ET had reported earlier that despite being i the upper end of the Price Band is Z 128. the world’s lar- Weighted Average on Net Worth gest entertain- - Return for last th ree full financial years based on Restated Financial Statements is (2.55)%. ment compa- 0 ny, Disney in The Basic and Diluted EPS for FY 2016, FY 2018 and the halfyearended on September 30, 2018 is negative. India is a dwarf to Star Entrepreneurship Development Programme on India. I Disney had I 1 on December 1.1 i ; I I ' I .. BID/OFFER OPENS TODAY 22, 2017 offered fta tu res : Social Media Analytics Social Media Optimization ' to buy the 21st Linkedln Marketing Online Reputation Management ards Wki oedia Pamrest You Tube & many more BID/OFFER CLOSES ON FRIDAY, MARCH 15, 2019 Century Fox E . assets in a A In case of any revision to the Price Band or in case offorcie,majeure , banking strike or similar circumstances , the Bid/Offer Period will LIABILITY OF THE MEMBERS OFTHE COMPANY: Limited by shares $52.4-billion be extended b y at least three (3) additional Working Days following such an event subject to the Bid/Offer Period not exceeding ten 1 7-111 j , , AMOUNT OF SHARE CAPITAL OF OUR COMPANYAND CAPITAL STRUCTURE: As on the date of the RHP, the authorised share all-stock deal. (10) Working Days. Any revision in the Price Band and the revised Bid/Offer Period , if applicable , will be widely disseminated by ;E capital of our Company is Z 1,500 ,000 ,000 divided into 150,000,000 Equity Shares of face value of 710 each. The issued , subscribed After rival FOR REGISTRATION PLEASE CONTACT notification to the Stock Exchanges, by issuing a press release , and also by indicating the change on the website of the BRLM and at and paid-up share capital of our Company before and after the Offer is 7704 ,000 ,000 divided into 70,400,000 Equity Shares of face Comcast made 1 1 the terminals of the Syndicate Member and by intimation to Self-Certified Banks (" SCSBs "), the Sponsor Bank, and other Designated value of Z 10 each. For details of the Capital Structure , see 'Capital Structure" on the page 62 of the RHP. e awarded by NIESBUD . N can be verified at w" esbudtraining.o rg Intermediaries , as applicable. This Offer is being made in terns of rule 19(2)(b) of the Securities Contracts (Regulation) Rules , 1957, as amended (" SCRR"), read Names of the signatories to the Memorandum of Association of our Company and the number of Equity Shares subscribed FORM G with Regulation 31 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations , 2018 , by them : Given below are the names of the signatories of the Memorandum of Association of our Company and the number of Equity as amended (" SEBI ICDR Regulations "). The Offer is being made through Book Building Process in terms of Regulation 6(2) ofthe Shares subscribed by them at the time of signing of the Memorandum ofAssociationofourCompany -50 Equity Shares offace value (Under Regulation 36A (1) of the Insolvency and Bankruptcy SEBI ICDR Regulations , wherein not less than 75% of the Net Offer shall be available for allocation on a proportionate basis to of 2100 each was subscribed by S. A. Nathani, A. M. Elijah, S. C. Laul , Vlren J. Shah, N. S. Gilani, 0. P. Tantia and Minerals & Metals (Insolvency Resolution Process, for Corporate Persons) Regulations , 2016 Qualified Institutional Buyers ("QIBs ") ("QIB Portion"). 5% of the QIB Portion shall be available for allocation on a proportionate Trading Corporation of India Limited. basis to Mutual Funds only, and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIB LISTING: The Equity Shares offered through the Red Herring Prospectus are proposed to be listed on BSE and NSE. Our Company RELEVANT PARTICULARS Bidders including Mutual Funds subject to valid Bids being received at or above the Offer Price. However if the aggregate demand , , , has received an 'in nnci le' a roval from BSE and NSE for the listing of the Equity Shares pursuant to letters dated Februa ry 13, 1. Name of the Corporate Debtor ARIISTO DEVELOPERS PRIVATE LIMITED from Mutual Funds is less than 5% ofthe QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will 2019 and February 8, 2019, respectively. ForthepurposesoftheOffer , theDesignaedStockExchangeshall beBSE.Asignedcopy 2. Date of incorporation of Corporate Debtor 10th November , 2016 (conversion of be added to the remaining QIB Portion for proportionate allocation to QIBs. Further not more than 15% of the Net Offer shall be , ofthe Red Herring Prospectus and the Prospectus shall be delivered forregistration tothe RoC in accordance with Section 26(4) of the partnership firm into Company. Earlier available forallocation on a proportionate basis to Non-Institutional Bidders and not more than 10% ofthe Net Offer shall be available Companies Act, 2013. For details of the material contracts and documents which shall be available for inspection from the date of the known as Anisto Developers) for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or Red Herring Prospectus, up to the Bid/ Offer Closing Date, please refer to the section tided 'Material Contracts and Documents for 3. Authority under which Corporate Debtor is Registrar of Companies- Mumbai above the Offer Price . Further, upto 70 ,400 additional Equity Shares have been reserved for allocation and Allotment on a Inspection"on page 331 ofthe Red Herring Prospectus. incorporated I registered proportionate basis to Eligible Employees bidding in the Employee Reservation Portion , subjectto valid bids being received from them 4. Corporate identity number I limited liability U45309MH2016PTC287566 at or above the Offer Price. All Bidders, shall mandatorily participate in the Offer through anApplication Supported by BlockedAmount DISCLAIMER CLAUSE OF SECURITIES AND EXCHANGE BOARD OF INDIA ("SEBI"): SEBI only gives its observations on the identification number of corporate debtor ('ASBA") process by providing details of their respective bank account in which BidAmountwill be blocked. Forcletails , please refer to offerclocuments and this does not constitute approval ofeitherthe Offeror the specified securities or the offer document. Investors are the section titled 'OfferProcedure " on page 286 of the Red Herring Prospectus. advised to referto page 267 of the RHP for the full text of the disclaimer clause of SEBI. 5. Address of the registered office and 8th Floor, Ariisto House, N. S. Phadke principal office (if any) of corporate debtor Road Near East-West Fl yover , Andheri Bidders/A pplicants should ensure that DP ID, PAN, the Client ID and UPI ID (if applicable, in case of RIB and Eli gible DISCLAIMER CLAUSE OF BSE (The Designated Stock Exchange) : It is to be distinctly understood that the permission given by (East) Mumbai Mumbai City- 400069 Employees) are correctly filled in the Bid cum App lication Form. The DP ID , PAN and Client ID provided in the Bid cum BSE should not in any way be deemed or construed that the RHP has been cleared or approved by BSE nor does it certify the Application Form should match with the DP ID , PAN and Client ID available in the Depository database , otherwise, the Bid 6. Insolvency commencement date of the 20th November, 2018 correctness or completeness of any of the contents of the RHP. The investors are advised to referto page 268 of the RHP for the full corporate debtor cumApp lication Formisliabletober ejected . Bidders/App licantsshouldensurethatthebeneficiar y account provided inthe text ofthe disclaimer clause ofthe BSE. Bid cum App lication Form is active . Bidders/A pp licants should note that on the basis of the PAN, DP ID and Client ID as Date of invitation of expression of interest 13th March , 2019 provided in the Bid cum App lication Form , the BidderlA pplicant may be deemed to have authorized the Depositories to DISCLAIMER CLAUSE OF NSE : It is to be distinctly understood that the permission given by NSE should notin anyway be deemed 8. Eligibility for resolution applicants under http:I/ariisto -i p.com/ provide to the Reg istrartothe Offer , any requested Demograp hic Details ofthe Bidder/Applicantas available on the records or construed that the Offer Document has been cleared or approved by NSEnordoesitcertifythecorrectness orcompleteness ofany section 25 (2)(h) of the Code is available at: of the depositories . These Demograp hic Details may be used , among other things , for giving Allotment Advice or ofthecontentsoftheOffer pocument. Theinvestors are advised to refer to page 268 ofthe RHPforthefull text ofthe disclaimer clause 9. Norms of ineligibility applicable under http ://ariisto- ip.com/ unblocking of ASBA Account or for other correspondence ( s) related to the Offer. Bidders/A pp licants are advised to update ofthe NSE. section 29A are available at any changes to their Demograp hic Details as available in the records of the Depository Partici pant to ensure accuracy of GENERAL RISKS: Investments in equity and equity-related securities involve a degree of risk and investors should not invest any 10 Last date for receipt of expression of interest 28th March , 2019 records . Any delay resulting from failureto updatethe Demograp hic Details would beatthe BidderslA pp licants ' sole risk. funds in this Offer unless they can afford to take the risk of losing their investment. Investors are advised to read the risk factors 11. Date of issue of provisional list of 07th April , 2019 CONTENTS OF THE MEMORANDUM OF ASSOCIATION OF OUR COMPANY AS REGARDS ITS OBJECTS: For information on carefully before taking an investment decision in this Offer. For taking an investment decision , investors must rely on their own prospective resolution applicants the main objects ofourCompany, see the section titled 'History and Certain CorporateMaffers " on page 135 ofthe RHP and Clause III examination ofourCompanyandtheOffer , includingtherisksinvolved.TheOfferedShareshavenotbeenrecommendedo rapproved 12 Last date for submission of objections to 12th April, 2019 of the Memorandum of Association of our Company. The Memorandum of Association of our Company is a material document for by the Securities and Exchange Board of India (" SEBI"), nor does SEBI guarantee the accuracy or adequacy of the contents of the provisional list inspection in relation to the Offer. For further details, see the section titled 'Material Contracts andDocumenls forlnspection ' on page Red Herring Prospectus. Specific attention of the investors is invited to the section titled 'RiskFactors ' on page 25 of the Red Herring 13 Date of issue of final list of prospective 22nd April , 2019 331of the RHP. Prospectus. resolution applicants BOOK RUNNING LEAD MANAGER REGISTRAR TO THE OFFER COMPANY SECRETARY AND COMPLIANCE OFFICER 14 Date of issue of informat ion memorandum , 12th April, 2019 evaluation matrix and request for resolution Ajay Kumar Rai p lans t prospective resolution a pplicants MSTC Limited EQUICUS 225-C A. J. C. Bose Road, Kolkata - 700 020 West Bengal , India 15 Manner of obtaining request for resolution Resolution Applicant may contact the . Tel: +91-33-22813088 plan , evaluation matrix , information Resolution Professional at the Contact Equi rus Cap ital Private Limited Alankit Assignments Limited memorandum and further information Details mentioned against Serial No. 21 for 12th Floor , C Wing, Marathon Futurex , N. M. Joshi Mang , Lower Parel, 205-208 , Anarkali Complex , Jhandewalan, Extension , New Delhi -110 055 Email Id: [email protected] obtaining Request for Resolution Plan, Mumbai 400 013 , , India Tel: +91-11-4254-1951/+91-22-4348-1200 Evaluation Matrix, Information Memorandum & any further Information if required. Tel.: +91-22-4332-0600; Email: [email protected] E-mail: [email protected]/saching @alankit.com Investors can contact our Company Secretary and Compliance Officer , the Book Running Lead Investor Grievance E-mail: [email protected] Investor Grievance E-mail: [email protected] Manager or the Registrar to the Offer in case of any pre-Offeror post-Offer related problems such 16 Last date for submission of resolution plans 12th Ma y, 2019 Website: www.equirus. com Website : www.alankit.com as those relating to share certificates , non-credit of Allotted Equity Shares in the respective 17. Manner of submitt ing resolution plans to In the electronic form on the email id beneficiary account, non-receipt of refund intimations and non-receipt or unblocking of hinds by Contact Person : Ankesh Jain/Gaurav Phadke Contact Person : S. Arunraj Sachin Gupta resolution professional jayesh@jsandco .in or in Password _ cmooe. Protected Pen Drive or throug h speed SEBI Registration No.: INM000011286 SEBI Reg istration No.: INR000002532 post or hand delivery in sealed envelope AVAILABILITY OF RHP: Investors areadvised to refer to the RHP and the Risk Factors contained therein before applying in the Offer. Full copy of the RHP will be available on thewebsite of the SEBI at www.sebi .gov.in,the website of the BRLM at www.equirus.com , the at the address given in Serial no . 21. websites of the Stock Exchanges at www.bseindia.com and www.nseindia.com , respectivel y. 18 Estimated date for submission of resolution 3rd June , 2019 AVAILABILITY OF BID CUM APPLICATION FORM : Bid cum Application form can be obtained from the Registered Office of MSTC LIMITED : Tel: +91-033-2281-3088; BRLM : Equirus Capital Private Limited : Tel.: +91-22-4332-0600; Syndicate Member : Equirus plan to theAdjudicating Authohty for approval Securities Private Limited : Tel : 91-079-6190-9561 at selected locations of Sub-Syndicate Members (as given below), Registered Brokers, CRTAsand CDPs participating in the Offer. Bid cum Application Forms will also be available on the websites of BSE, NSE, and at 19 Name and registration number of the Jayesh Sanghrajka the Designated Branches of SCSBs, the list of which is available on the websites of the Stock Exchange sand SEBI. resolution professional IBBI/IPA-001/IP-P00216/2017 - 18110416 SUB-SYNDICATE MEMBERS : Axis Capital Limited , Edelweiss Securities Limited, Eureka Stock & Share Broking Services Limited, HDFC Securities Limited, ICICI Securities Limited , IIFL Securities Limited , JM Financial Services Limited, Karvy Stock Broking Limited, 20 Name, Address and e-mail of the Jayesh Sanghrajka Kotak Securities Limited , LKP Securities Limited, Motilal Oswal Financial Services Limited, SBICAP Securities Limited, Sharekhan Limited, SMC Global Securities Limited. resolution professional , as registered with Address : 405-407. Hind Rajasthan Building, APPLICATIONS SUPPORTED BY BLOCKED AMOUNT (ASBA): Investors have to apply through theASBAprocess. ASBAhas to be availed by all the investors. For details on theASBAprocess , please refer to the details given in theASBAForm andAbridged Prospectus the Board DS Phalke Road , Dadar (E), Mumbai- and also please refer to "Offer Procedure" on page 286 of the RHP. ASBA Forms can also be downloaded from the websites of BSE and NSE. ASBA Forms can be obtained from SCSBs , the list of which is available on the website of SEBI at 400014 , Email Id: jayesh@jsandco. in https://www.sebi.gov.in/sebiweblother/OtherAction.do?doReoognisedFpi=yes&intmld=35 and Syndicate Members , Registered Brokers , CRTAs and CDPs. 21 Address & email to be used for Address : Jayesh Sanghrajka&CoLLP UPI: Retail Individual Bidders & Eligible Employees can also bid through UPI Mechanism correspondence with the resolution 405-407 , Hind Rajasthan Building, DS BANKERS TO THE OFFER/ PUBLIC OFFERACCOUNT BANK/ REFUND BANK: HDFC Bank Limited and ICICI Bank Limited. professional Phalke Road , Dadar (E). Mumbai- 400014 . Email Id: [email protected] SPONSOR BAN K: ICICI Bank Limited All capitalised terms used herein and not specificall defined shall have the same meaning as ascribed to them in the RHP. 22 Further Details are available atorwith Jayesh Sanghrajka y Jayesh Sanghrajka & Co LLP, 405-407, For and on behalf of the Board of Director of MSTC LIMITED Hind Rajasthan Building , DS Phalke Place: Kolkata Sd/- Road, Dadar (E), Mumbai-400014. Date : March 12, 2019 Company Secretary and Compliance Officer Email Id: jayesh@jsandco . in Website: hft p ://a6isto-ip.com/ MSTC Limited is proposing, subject to receipt of requisite approvals , market conditions and other considerations , an initial public offering of its equity shares and has filed the Red Herring Prospectus with the Registrar of Companies. The Red Herring Prospectus is 23. Date of publication of Form 0 13th March , 2019 available on the website of SEBI at www.sebi .gov.in, BSE Limited at www.bseindia.com, National Stock Exchange of India Limited at www.nseindia .com and the website of the BRLM at www .equirus.com. Investors should note that investment in equity shares involves a Sd- high degree of risk and for details relating to the same, see "Risk Factors " beginning on page 25 of the Red Herring Prospectus. .layesh Sanghrajka The offer and sale of the Equity Shares has not been and will not be registered under the United States Securities Act of 1933, as amended (" Securities Act") or any state securities laws in the United States and may not be offered or sold within the United States, except Resolution Professional pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act and applicable state securities laws. Accordingly, Shares are onl being offered and sold (i) in the United States only to persons reasonably IBBIAPA-001 IP-P00216!2017-18 10416 , , the Equity y Jayesh Sanghrajka & Co LLP believed to be 'qualified institutional buyers" (as defined in Rule 144A promulgated under the U.S. Securities Act, "Rule 144A ") in reliance on the exemption from registration requirements of the Securities Act provided by Rule 144A , and (ii) outside the United States in 405 407 . Ilind Rajasthan Building, offshore transactions in reliance on Regulation S promulgated under the Securities Act. Prospective purchasers are hereby notified that the seller of the Equity Shares may be relying on the exemption from the registration requirements of the SecuritiesAct provided by Rule Date : 13th March . 2019 DS Phalke Road . Dadar (E). Mumbai 100014. 144A. There will be no public offering of the Equity Shares in the United States. C ON C EPT Place: Mumbai For, Ariisto Developers Private Limited