Regulation 173 - Conditions for offer for sale by promoters for compliance with minimum public shareholding requirements specified in the Securities Contracts (Regulation) Rules, 1957.
Securities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018 Part I CONDITIONS FOR QUALIFIED INSTITUTIONS PLACEMENT
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Qualified institutions placement enables promoters to offer shares to meet minimum public shareholding, subject to trading moratoria and sequencing. Promoters and promoter-group members may offer fully paid equity shares via a qualified institutions placement to meet minimum public shareholding ... Summary
Qualified institutions placement enables promoters to offer shares to meet minimum public shareholding, subject to trading moratoria and sequencing.
Promoters and promoter-group members may offer fully paid equity shares via a qualified institutions placement to meet minimum public shareholding requirements; they must not have traded issuer equity in the twelve-week period before opening or during the twelve-week period after closing, except that sales within those windows are permitted through a stock exchange mechanism or open market sale under Board-specified conditions, subject to a minimum two-week gap between successive offers.
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