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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Regulation 87: Minimum 2 Allottees for Issues Up to 250 Crore, 5 for Over 250 Crore, Max 50% Per Allottee.</h1> Regulation 87 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, mandates the minimum number of allottees for qualified institutions placement. If the issue size is up to 250 crore rupees, there must be at least two allottees. For issue sizes exceeding 250 crore rupees, at least five allottees are required. No single allottee can receive more than 50% of the issue size. Qualified institutional buyers from the same group or under the same control are considered a single allottee, as defined under section 372 of the Companies Act, 1956.
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