TaxTMI 
TaxTMI 
Manner of achieving minimum public shareholding
X X X X Extracts X X X X
X X X X Extracts X X X X
...., which allowed for various methods that may be used by a listed entity to achieve compliance with the minimum public shareholding requirements mandated under rules 19(2) (b) and 19A of the Securities Contracts (Regulation) Rules, 1957 ("the SCRR") read with regulation 38 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. 2. With a v....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ading day prior to every such proposed sale, announce the following details to the stock exchange(s) where its shares are listed: i. the intention of the promoter/promoter group to sell and the purpose of sale; ii. the details of promoter(s)/promoter group, who propose to divest their shareholding; iii. total number of shares and percentage of shareholding proposed to be divested; and iv. ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ving compliance with the minimum public shareholding requirements is placed at Annexure for reference. 5. This Circular is issued in exercise of the powers conferred under sections 11 and 11A of the Securities and Exchange Board of India Act, 1992 read with regulations 38 and 101(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 a....
X X X X Extracts X X X X
X X X X Extracts X X X X
....terms of Circular reference No. CIR/MRD/DP/18/2012 dated July 18, 2012; iv. Institutional Placement Programme (IPP) in terms of Chapter VIIIA of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009; v. Rights Issue to public shareholders, with promoter/promoter group shareholders forgoing their entitlement to equity shares, that may arise ....