PHILLIPS CARBON BLACK LIMITED (Incorporated in the Republic of India with limited liability under the Companies Act, 1956, with Registration Number 24602 and Corporate Identification Number L24119WB1960PLC024602) Phillips Carbon Black Limited (“PCBL” or our “Company” or the “Issuer”) is issuing 49,64,376 Equity Shares of face value Rs. 10/- each (the“Equity Shares”) at a price of Rs 200/- per Equity Share, which represents a premium of Rs.190/- per Equity Share, for a sum of Rs. 9928.75 lakhs (the “Issue”) in reliance on upon Chapter VIII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended ( “SEBI REGULATIONS”). ISSUE AND THE DISTRIBUTION OF THE PLACEMENT DOCUMENT IS BEING MADE IN RELIANCE UPON CHAPTER VIII OF THE SEBI REGULATIONS THE ISSUE AND THE DISTRIBUTION OF THE PLACEMENT DOCUMENT IS BEING MADE IN RELIANCE UPON CHAPTER VIII OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURES REQUIREMENTS) REGULATIONS, 2009 (SEBI REGULATIONS), IN THE UNITED STATES ONLY TO PERSONS WHO ARE “QUALIFIED INSTITUTIONAL BUYERS” (AS DEFINED IN RULE 144A UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (“SECURITIES ACT”) AND OUTSIDE THE UNITED STATES IN RELIANCE ON REGULATION S (“REGULATION S”) UNDER THE SECURITIES ACT. THE PLACEMENT DOCUMENT IS MEANT ONLY FOR QUALIFIED INSTITUTIONAL INVESTORS (AS DEFINED IN THE SEBI REGULATIONS) (“QIBs”) ON A PRIVATE PLACEMENT BASIS AND IS PERSONAL TO EACH PROSPECTIVE QIB INVESTOR, AND DOES NOT CONSTITUTE AN OFFER OR INVITATI ON TO SUBSCRIBE FOR EQUITY SHARES OR SOLICITA TION OF AN OFFER TO THE PUBLIC OR TO ANY OTHER PERSON OR CLASS OF INVESTORS WITHIN OR OUTSIDE INDIA. Invitations, offers and sales of Equity Shares shall only be made pursuant to the Preliminary Placement Document, Placement Document, Confirmation of Allocation Note and the Bid cum Application Form. For further details, please refer to the section titled, “Issue Procedure” on page 109 of this Placement Document. The distribution of this Placement Document or the disclosure of its contents without our prior consent to any person, other than QIBs and persons retained by Qualified Institutional Buyers to advise them with respect to their purchase of Equity Shares, is unauthorized and prohibited. Each Qualified Institutional Buyer, by accepting delivery of this Placement Document agrees to observe the foregoing restrictions, and to make no copies of the Placement Document or any documents referred to in the Placement Document. THE PLACEMENT IS MEANT ONLY FOR QIBs ON A PRIVATE PLACEMENT BASIS AND IS NOT AN OFFER TO THE PUBLIC OR TO ANY OTHER CLASS OF INVESTORS WITHIN OR OUTSIDE INDIA This Placement Document has not been reviewed by the Securities and Exchange Board of India ( “SEBI”), the Reserve Bank of India(“RBI”), the Bombay Stock Exchange Limited (“BSE”), the National Stock Exchange of India Limited (“NSE”), the Calcutta Stock Exchange Limited (“CSE”), (BSE, NSE and CSE collectively referred to as the “Stock Exchanges” ) or any other regulatory or listing authority and is intended only for use by QIBs. The Placement Document has not been and will not be registered as a prospectus with the Registrar of Companies in India, and will not be circulated or distributed to the public in India and will not constitute a public offer in India or any other jurisdiction. The issue of Equity Shares has not been approved or disapproved by SEBI or any other Regulatory authority. Investments in equity and equity related securities involve a degree of risk and prospective Investors should not invest any funds in the Issue unless they are prepared to take the risk of losing all or part of their investment. Prospective Investors are advised to carefully read the “Risk Factors” of the Placement Document before making an investment decision in the Issue. Each prospective Investor is advised to consult its advisors about the particular consequences to it of an investment in the Equity Shares being issued pursuant to the Placement Document. Our Company having made all reasonable enquiries, accepts responsibility for, and confirms that this Placement Document contains all information with regard to our Company and the Issue, as required by Chapter VIII of the SEBI Regulations; that the information contained in this Placement Document is true and correct in all material respects and is not misleading in any material respect; that the opinions and intentions expressed herein are honestly held and that there are no other facts the omission of which makes this document as a whole or any of such information or the expression of any such opinions or intentions misleading in any material respect. The information on our Company’s website or any website directly or indirectly linked to our Company’s website or otherwise on the internet does not form part of this Placement Document (other than information specifically contained in this Placement Document) and prospective Investors should not rely on such information contained in, or available through, such websites. All of our Company’s outstanding Equity Shares are listed on the CSE, BSE and NSE. Applications shall be made for listing of the Equity Shares offered through this Placement Document on the Stock Exchanges. The closing price of our outstanding Equity Shares as reported on the BSE and the NSE on April 29, 2010 was Rs. 218.40 and Rs. 218.10 per equity share, respectively. The Stock Exchanges assume no responsibility for the correctness of any statements made, opinions expressed or reports contained herein. Admission of the Equity Shares to trading on the Stock Exchanges should not be taken as an indication of the merits of our Company or the Equity Shares. YOU MAY NOT AND ARE NOT AUTHORIZED TO (1) DELIVER THE PLACEMENT DOCUMENT TO ANY OTHER PERSON OR (2) REPRODUCE SUCH PLACEMENT DOCUMENT IN ANY MANNER WHATSOEVER. ANY DISTRIBUTION OR REPRODUCTION OF THE PLACEMENT DOCUMENT IN WHOLE OR IN PART IS UNAUTHORIZED. FAILURE TO COMPLY WITH THIS DIRECTIVE MAY RESULT IN A VIOLATION OF THE SEBI REGULATIONS, OR OTHER APPLICABLE LAWS OF INDIA AND OTHER JURISDICTIONS. A copy of the Preliminary Placement Document and the Placement Document has been delivered to the Stock Exchanges. A copy of this Placement Document will also be delivered to the SEBI for record purposes. The Preliminary Placement Document or Placement Document will not be vetted by SEBI or any other regulator. THIS PLACEMENT DOCUMENT HAS BEEN PREPARED BY OUR COMPANY SOLELY FOR PROVIDING INFORMATION IN CONNECTION WITH THE PROPOSED ISSUE OF THE EQUITY SHARES DESCRIBED IN THIS PLACEMENT DOCUMENT. The Equity Shares offered hereby are not transferable except in accordance with the restrictions described under “Transfer Restrictions”. The Equity Shares have not been approved or disapproved by the SEBI or the U.S. Securities and Exchange Commission, any state securities commission in the United States or any other U.S. regulatory authority, nor have any of the foregoing authorities passed upon or endorsed the merits of the Issue or the accuracy or adequacy of this Placement Document. Any representation to the contrary may be a criminal offence in certain jurisdictions. The Equity Shares have not been and will not be registered under the Securities Act and may not be offered or sold within the United States or for the account or benefit of U.S. Persons (as defined in Regulation S of the Securities Act), except 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, the Equity Shares are being offered and sold (a) in the United States only to persons who are reasonably believed to be “qualified institutional buyers” (as defined in Rule 144A under the Securities Act) pursuant to Section 4(2) of the Securities Act and (b) outside the United States in reliance on Regulation S. For further details, please refer to the section titled “Transfer Restrictions”. The Placement Document is dated May 03, 2010 Serial Number :[] CMYK CMYK CMYK Placement Document Strictly Confidential and Not for Circulation T h i s P l a c e m e n t D o c u m e n t i s n o t a n o f f e r t o s e l l a n y s e c u r i t i e s a n d i s n o t s o l i c i t i n g a n o f f e r t o s u b s c r i b e o r b u y s e c u r i t i e s i n a n y j u r i s d i c t i o n w h e r e s u c h o f f e r o r s a l e i s n o t p e r m i t t e d . I t i s b e i n g i s s u e d f o r t h e s o l e p u r p o s e o f i n f o r m a t i o n o r d i s c u s s i o n r e l a t i n g t o t h e E q u i t y S h a r e s t h a t m a y b e i s s u e d t h r o u g h t h e P l a c e m e n t D o c u m e n t . BOOK RUNNI NG LEAD MANAGER ADVI SOR TO THE COMPANY VC CORPORATE ADVISORS PRI VATE LIMITED SMIFS CAPIT AL MARKETS LIMITED
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PHILLIPS CARBON BLACK LIMITED(Incorporated in the Republic of India with limited liability under the Companies Act, 1956, with Registration Number 24602 and
Corporate Identification Number L24119WB1960PLC024602)
Phillips Carbon Black Limited (“PCBL” or our “Company” or the “Issuer”) is issuing 49,64,376 Equity Shares of face value Rs. 10/- each (the“Equity Shares”)at a price of Rs 200/- per Equity Share, which represents a premium of Rs.190/- per Equity Share, for a sum of Rs. 9928.75 lakhs (the“Issue”) in reliance on upon ChapterVIII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (“SEBI REGULATIONS”).
ISSUE AND THE DISTRIBUTION OF THE PLACEMENT DOCUMENT IS BEING MADE IN RELIANCE UPON
CHAPTER VIII OF THE SEBI REGULATIONS
THE ISSUE AND THE DISTRIBUTION OF THE PLACEMENT DOCUMENT IS BEING MADE IN RELIANCE UPON CHAPTER VIII OF THE SECURITIES
AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURES REQUIREMENTS) REGULATIONS, 2009 (SEBI REGULATIONS), IN
THE UNITED STATES ONLY TO PERSONS WHO ARE “QUALIFIED INSTITUTIONAL BUYERS” (AS DEFINED IN RULE 144A UNDER THE U.S.
SECURITIES ACT OF 1933, AS AMENDED (“SECURITIES ACT”) AND OUTSIDE THE UNITED STATES IN RELIANCE ON REGULATION S
(“REGULATION S”) UNDER THE SECURITIES ACT. THE PLACEMENT DOCUMENT IS MEANT ONLY FOR QUALIFIED INSTITUTIONAL INVESTORS
(AS DEFINED IN THE SEBI REGULATIONS) (“QIBs”) ON A PRIVATE PLACEMENT BASIS AND IS PERSONAL TO EACH PROSPECTIVE QIB INVESTOR,
AND DOES NOT CONSTITUTE AN OFFER OR INVITATION TO SUBSCRIBE FOR EQUITY SHARES OR SOLICITATION OF AN OFFER TO THE PUBLIC
OR TO ANY OTHER PERSON OR CLASS OF INVESTORS WITHIN OR OUTSIDE INDIA.
Invitations, offers and sales of Equity Shares shall only be made pursuant to the Preliminary Placement Document, Placement Document, Confirmation of Allocation
Note and the Bid cum Application Form. For further details, please refer to the section titled, “Issue Procedure” on page 109 of this Placement Document. The distributionof this Placement Document or the disclosure of its contents without our prior consent to any person, other than QIBs and persons retained by Qualified InstitutionalBuyers to advise them with respect to their purchase of Equity Shares, is unauthorized and prohibited. Each Qualified Institutional Buyer, by accepting delivery of thisPlacement Document agrees to observe the foregoing restrictions, and to make no copies of the Placement Document or any documents referred to in the PlacementDocument.
THE PLACEMENT IS MEANT ONLY FOR QIBs ON A PRIVATE PLACEMENT BASIS AND IS NOT AN OFFER TO THE PUBLIC OR
TO ANY OTHER CLASS OF INVESTORS WITHIN OR OUTSIDE INDIA
This Placement Document has not been reviewed by the Securities and Exchange Board of India (“SEBI”), the Reserve Bank of India(“RBI”), the Bombay Stock Exchange Limited (“BSE”), the National Stock Exchange of India Limited (“NSE”), the Calcutta Stock Exchange Limited (“CSE”), (BSE, NSE and CSE collectivelyreferred to as the “Stock Exchanges”) or any other regulatory or listing authority and is intended only for use by QIBs. The Placement Document has not been and willnot be registered as a prospectus with the Registrar of Companies in India, and will not be circulated or distributed to the public in India and will not constitute a publicoffer in India or any other jurisdiction. The issue of Equity Shares has not been approved or disapproved by SEBI or any other Regulatory authority.
Investments in equity and equity related securities involve a degree of risk and prospective Investors should not invest any funds in the Issue unless they are
prepared to take the risk of losing all or part of their investment. Prospective Investors are advised to carefully read the “Risk Factors” of the Placement Document
before making an investment decision in the Issue. Each prospective Investor is advised to consult its advisors about the particular consequences to it of an
investment in the Equity Shares being issued pursuant to the Placement Document.
Our Company having made all reasonable enquiries, accepts responsibility for, and confirms that this Placement Document contains all information with regard to our
Company and the Issue, as required by Chapter VIII of the SEBI Regulations; that the information contained in this Placement Document is true and correct in all materialrespects and is not misleading in any material respect; that the opinions and intentions expressed herein are honestly held and that there are no other facts the omissionof which makes this document as a whole or any of such information or the expression of any such opinions or intentions misleading in any material respect.
The information on our Company’s website or any website directly or indirectly linked to our Company’s website or otherwise on the internet does not form part of this Placement Document (other than information specifically contained in this Placement Document) and prospective Investors should not rely on such informationcontained in, or available through, such websites.
All of our Company’s outstanding Equity Shares are listed on the CSE, BSE and NSE. Applications shall be made for listing of the Equity Shares offered through thisPlacement Document on the Stock Exchanges. The closing price of our outstanding Equity Shares as reported on the BSE and the NSE on April 29, 2010 was Rs. 218.40and Rs. 218.10 per equity share, respectively. The Stock Exchanges assume no responsibility for the correctness of any statements made, opinions expressed or reportscontained herein. Admission of the Equity Shares to trading on the Stock Exchanges should not be taken as an indication of the merits of our Company or the EquityShares.
YOU MAY NOT AND ARE NOT AUTHORIZED TO (1) DELIVER THE PLACEMENT DOCUMENT TO ANY OTHER PERSON OR (2) REPRODUCE SUCH
PLACEMENT DOCUMENT IN ANY MANNER WHATSOEVER. ANY DISTRIBUTION OR REPRODUCTION OF THE PLACEMENT DOCUMENT IN
WHOLE OR IN PART IS UNAUTHORIZED. FAILURE TO COMPLY WITH THIS DIRECTIVE MAY RESULT IN A VIOLATION OF THE SEBI REGULATIONS,
OR OTHER APPLICABLE LAWS OF INDIA AND OTHER JURISDICTIONS.
A copy of the Preliminary Placement Document and the Placement Document has been delivered to the Stock Exchanges. A copy of this Placement Document will alsobe delivered to the SEBI for record purposes. The Preliminary Placement Document or Placement Document will not be vetted by SEBI or any other regulator.
THIS PLACEMENT DOCUMENT HAS BEEN PREPARED BY OUR COMPANY SOLELY FOR PROVIDING INFORMATION IN CONNECTION WITH THEPROPOSED ISSUE OF THE EQUITY SHARES DESCRIBED IN THIS PLACEMENT DOCUMENT.
The Equity Shares offered hereby are not transferable except in accordance with the restrictions described under“Transfer Restrictions”. The Equity Shares have notbeen approved or disapproved by the SEBI or the U.S. Securities and Exchange Commission, any state securities commission in the United States or any other U.S.regulatory authority, nor have any of the foregoing authorities passed upon or endorsed the merits of the Issue or the accuracy or adequacy of this Placement Document.Any representation to the contrary may be a criminal offence in certain jurisdictions.
The Equity Shares have not been and will not be registered under the Securities Act and may not be offered or sold within the United States or for the account or benefitof U.S. Persons (as defined in Regulation S of the Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirementsof the Securities Act and applicable state securities laws. Accordingly, the Equity Shares are being offered and sold (a) in the United States only to persons who arereasonably believed to be “qualified institutional buyers” (as defined in Rule 144A under the Securities Act) pursuant to Section 4(2) of the Securities Act and (b)outside the United States in reliance on Regulation S. For further details, please refer to the section titled “Transfer Restrictions”.
The Placement Document is dated May 03, 2010
Serial Number :[]
CMYK
CMYKCMYK
Placement DocumentStrictly Confidential and Not for Circulation
T h i s P l a c e m e n t D o c u m e n t i s n o t a
n o f f e r t o s e l l a n y s e c u r i t i e s a n d i s n o t s o l i c i t i n g a n o f f e r t o s u b s c r i b e o r b u y s e c u r i t i e s i n a n y j u r i s d i c t i o
n w h e r e s u c h o f f e r o r s a l e i s n o t p e r m i t t e d . I t i s b e i n g
i s s u e d f o r t h e s o l e p u r p o s e o f i n f o r m a t i o n o r d i s c u s s i o n r e l a t i n g t o t h e E q u i t y S h a r e s t h a t m a y b e i s s u e d t h r o u g h t h e P l a c e m e n t D o c u m
e n t .
BOOK RUNNING LEAD MANAGER ADVISOR TO THE COMPANY
VC CORPORATE ADVISORS PRIVATE LIMITED SMIFS CAPITAL MARKETS LIMITED
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