Minimum allottees requirement requires multiple institutional investors and caps concentration to prevent single-investor dominance in placements.

The regulation prescribes minimum numbers of allottees for Qualified Institutions Placement by reference to issue size and imposes a rule that no single allottee may be allotted more than fifty per cent of the issue size. Qualified institutional buyers belonging to the same group or under the same control are to be treated as a single allottee, with the grouping concept defined by reference to the Companies Act meaning.

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