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    <description>Regulation 91E requires the offer document for an institutional placement programme to contain all material information, be filed with the Registrar of Companies while simultaneously furnishing copies to the Board and stock exchange(s) through the lead merchant banker, and to be filed in soft copy with the Board with the prescribed fee. The offer document must be posted on the stock exchange and issuer websites stating the placement is to qualified institutional buyers, and the merchant banker must submit a due diligence certificate confirming compliance.</description>
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