RESTRICTION ON TRANSFERABILITY (LOCK-IN) OF PROMOTERS’ CONTRIBUTION, ETC. - Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009
RESTRICTION ON TRANSFERABILITY (LOCK-IN) OF PROMOTERS’ CONTRIBUTION, ETC. - Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009
Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 Chapter VIII-A INSTITUTIONAL PLACEMENT PROGRAMME
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Institutional placement programme limits offer, allocation and allotment of eligible securities exclusively to qualified institutional buyers. Regulation 91B defines eligible securities as listed equity shares of the same class, and eligible seller as the listed issuer or its promoter/promoter ... Summary
Institutional placement programme limits offer, allocation and allotment of eligible securities exclusively to qualified institutional buyers.
Regulation 91B defines eligible securities as listed equity shares of the same class, and eligible seller as the listed issuer or its promoter/promoter group. It defines an institutional placement programme as a further public offer of eligible securities by an eligible seller in which the offer, allocation and allotment are made only to qualified institutional buyers.
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