TMI BlogMinimum promoters’ contributionX X X X Extracts X X X X X X X X Extracts X X X X ..... ssue shareholding of the promoters is less than twenty per cent., alternative investment funds or foreign venture capital investors or scheduled commercial banks or public financial institutions or insurance companies registered with Insurance Regulatory and Development Authority of India 1 [ or any non-individual public shareholder holding at least five per cent. of the post-issue capital or any ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d not disclosed in the offer document, the promoters shall contribute only by way of subscription to the convertible securities being issued in the public offer and shall undertake in writing to subscribe to the equity shares pursuant to conversion of such securities. b) in case of any issue of convertible securities which are convertible or exchangeable on different dates and if the promoters con ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ive stage vis- -vis the debt raised or proposed to be raised through the public offer. d) The promoters shall satisfy the requirements of this regulation at least one day prior to the date of opening of the issue. e) In case the promoters have to subscribe to equity shares or convertible securities towards minimum promoters contribution, the amount of promoters contribution shall be kept in an esc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of such specified securities into equity shares at various stages; (b) price means the price of equity shares on conversion arrived at after taking into account predetermined conversion price at various stages. ************** NOTES:- 1. Inserted vide Notification No. SEBI/LAD-NRO/GN/2024/178 dated 17-05-2024 - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, ..... X X X X Extracts X X X X X X X X Extracts X X X X
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