gayatri projects limited - Edelweiss

GAYATRI PROJECTS LIMITED Indian Financial Institutions, commercial banks, regional rural banks, co-operative banks (subject to RBI regulationsand SEBI Guidelines and Regulations, as applicable); Venture Capital Funds registered with SEBI; Foreign Venture Capital investors registered with SEBI; State Industrial Development Corporations; Insurance companies registered with the Insurance Regulatory and Development Authority; Provident funds with minimum corpus of Rs. 2500 lakhs and who are authorized under their constitution to invest inEquity Shares; Pension funds with minimum corpus of Rs. 2500 lakhs and who are authorized under their constitution to invest inEquity Shares; Multilateral and bilateral development financial institutions; Trusts/Societies registered under the Societies Registration Act, 1860, as amended, or under any other law relatingto Trusts/Societies and who are authorized under their constitution to hold and invest in equity shares; NRIs on a repatriation basis or a non- repatriation basis subject to applicable local laws; FIIs registered with SEBI; Scientific and/or industrial research organizations authorized under their constitution to invest in equity shares; and Permanent Employees of the Company who are on the pay-roll of our Company as on Feburary 28, 2005.Note:The BRLMs and Syndicate Members shall not be entitled to subscribe to this Offer in any manner except towards fulfillingtheir underwriting obligation if any.Bidders are advised to ensure that any single Bid from them does not exceed the investment limits or maximumnumber of Equity Shares that can be held by them under applicable law.As per existing regulations, OCBs cannot Bid in this Offer.As per the current regulations, the following restrictions are applicable for investments by mutual funds:No mutual fund scheme shall invest more than 10% of its net asset value in equity shares or equity related instruments ofany company provided that the limit of 10% shall not be applicable for investments in index funds or sector or industryspecific funds. No mutual fund under all its schemes should own more than 10% of any Company’s paid-up share capitalcarrying voting rights. These limits would have to be adhered to by the mutual funds for investment in the Equity Shares.In case of a mutual fund, a separate Bid can be made in respect of each scheme of the mutual fund registered with SEBI andsuch Bids in respect of more than one scheme of the mutual fund will not be treated as multiple Bids provided that the Bidsclearly indicate the scheme concerned for which the Bid has been made.As per the current regulations, the following restrictions are applicable for investments by FIIs:No single FII can hold more than 10% of our post-Offer paid-up capital (i.e., 10% of 1,00,00,000 Equity Shares). In respectof an FII investing in our Equity Shares on behalf of its sub-accounts, the investment on behalf of each sub-account shall notexceed 10% of our total issued capital or 5% of our total issued capital in case such sub-account is a foreign corporate oran individual. Under the current foreign investment policy applicable to us foreign equity participation up to 100% is permissibleunder the automatic route.As per the current regulations, the following restrictions are applicable for investments by SEBI registered VCFs andFVCIs:The SEBI (Venture Capital) Regulations, 1996, and the SEBI (Foreign Venture Capital Investor) Regulations, 2000, prescribeinvestment restrictions on venture capital funds and foreign venture capital investors registered with SEBI. Accordingly, theinvestment by any VCF or FVCI should not exceed the prescribed investment limit as the case may be.178