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<h1>Regulation 91B Defines Key Terms for Institutional Placement Programme in Indian Securities Market</h1> Regulation 91B of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, defines key terms related to the Institutional Placement Programme. 'Eligible securities' refer to equity shares of the same class that are listed and traded on stock exchanges. An 'eligible seller' includes the listed issuer and its promoter or promoter group. The 'institutional placement programme' is a further public offer of eligible securities by an eligible seller, exclusively offered, allocated, and allotted to qualified institutional buyers. These definitions were introduced through an amendment effective January 30, 2012.