Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 Chapter XC LISTING ON INSTITUTIONAL TRADING PLATFORM
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Listing eligibility for institutional trading platform: institutional investor pre-issue holdings determine admission; post-issue ownership concentration restricted. Regulation 106Y permits listing on the institutional trading platform for technology-intensive entities with a prescribed proportion of pre-issue capital held by qualified institutional buyers at the time of filing the draft document, or for any entity where a larger prescribed proportion of pre-issue capital is held by qualified institutional buyers at that filing date; it also prohibits any person, individually or with persons acting in concert, from holding twenty five per cent or more of the post-issue share capital in such eligible entities.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Regulation 106Y permits listing on the institutional trading platform for technology-intensive entities with a prescribed proportion of pre-issue capital held by qualified institutional buyers at the time of filing the draft document, or for any entity where a larger prescribed proportion of pre-issue capital is held by qualified institutional buyers at that filing date; it also prohibits any person, individually or with persons acting in concert, from holding twenty five per cent or more of the post-issue share capital in such eligible entities.
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