PRELIMINARY INFORMATION MEMORANDUM (‘PIM’)

 

NATIONAL FERTILIZERS LIMITED (‘NFL’)

 

January 2003

  Rabo India Finance Pvt. Ltd.

1-A, Janpath,

New Delhi – 110 001, INDIA

Tel: +91 11 2301 0404 / 0435

Fax: +91 11 2301 3417  

 

 

1.    This document is being provided in connection with the proposed disinvestment of 51.00% equity (the ‘Interest’) by the Government of India (hereinafter referred as ‘GoI’), in National Fertilizers Limited (hereinafter referred as ‘NFL’).

 

2.    Rabo India Finance Pvt. Ltd. (hereinafter referred as ‘Rabo’) has been appointed as the Advisors for the disinvestment by the GoI.

 

3.    The sole purpose of this document is to assist the recipients in deciding whether they wish to proceed with a further investigation of the proposed transaction, but it is not intended to form the basis of any investment decision or any decision to purchase the equity offered for sale by GoI. This document does not constitute nor should it be interpreted as an offer or invitation for the sale or purchase of securities described herein.

 

4.    This document is meant to provide information only and upon the express understanding that recipients will use it only for the purposes set out above. It does not purport to be all-inclusive or contain all the information about NFL or be the basis of any contract. No representation or warranty, expressed or implied, is or will be made as to the reliability, accuracy or the completeness of any of the information contained herein. It should not be assumed that there shall be no deviation or change in any of the herein mentioned information on NFL. While this document has been prepared in good faith, neither NFL nor GoI nor Rabo nor any of their respective officers or employees make any representation or warranty or shall have any responsibility or liability whatsoever in respect of any statements made or omissions herefrom. Any liability is accordingly expressly disclaimed by NFL, GoI, Rabo and any of their respective officers or employees even if any loss or damage is caused by any act or omission on the part of NFL, GoI, Rabo or any of their respective officers or employees, whether negligent or otherwise.

 

5.    By acceptance of this document, the recipient agrees that any information herein will be superseded by any later written information on the same subject made available to the recipient by or on behalf of NFL and GoI. NFL, GoI, Rabo and any of their respective officers or employees undertake no obligation, among others, to provide the recipient with access to any additional information or to update this document or to correct any inaccuracies herein which may become apparent, and they reserve the right, at any time and without advance notice, to change the procedure for the sale of all or any part of the Interest or terminate negotiations or the due diligence process prior to the signing of any binding purchase agreement.

 

6.    Accordingly, interested recipients should carry out an independent assessment and analysis of NFL and of the information, facts and observations contained herein.

 

7.    This document has not been filed, registered or approved in any jurisdiction. Recipients of this document resident in jurisdictions outside India should inform themselves of and observe any applicable legal requirements.

CONTENTS

   

S No		Page No
A	Submission of Expression of Interest (‘EOI’)	4
B	National Fertilizers Limited	10
	Annexure I – Copy of Invitation for Expression of Interest	15
	Annexure II – Expression of Interest	16
	Annexure III – Statement of Legal Capacity	18
	Annexure IV – Request for Qualification	19
	Annexure V – Government of India Guidelines for Qualification of Bidders	20