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.