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Manner of achieving minimum public shareholding - SEBI - SEBI/HO/CFD/PoD2/P/CIR/2023/18Extract ..... ations from listed entities and other stakeholders requesting relaxation from compliance with the conditions specified in the existing methods and approval for using non-prescribed methods to achieve MPS compliance. 3. In view of the above and to facilitate listed entities achieve MPS compliance, few of the existing methods have been reviewed and rationalized and two additional methods have been introduced. Accordingly, a listed entity shall adopt any of the following methods in order to achieve compliance with the MPS requirements mandated under rules 19(2)(b) and 19A of the SCRR read with regulation 38 of the LODR Regulations: No. Method Specific conditions, if any, applicable 1. Issuance of shares to public through prospectus - 2. Offer ..... x x x x x Extracts x x x x x Manner of achieving minimum public shareholding - SEBI x x x x x Extracts x x x x x ..... ome 25% after completion of such sale. The sale can be a single tranche or in multiple tranches not exceeding a period of 12 months and the amount of shares to be sold shall not exceed the trading volume of the shares of the listed entity during the preceding 12 months from the date of announcement. i. Promoter(s) / Promoter group can use either the mechanism specified at Sl. No. 7(i) or 7(ii) to comply with MPS requirements, but not both. ii. The listed entity shall, at least one trading day prior to every such proposed sale, announce the following details to the stock exchange(s) where its shares are listed: a) the intention of the promoter(s) / promoter group to sell and the purpose of sale; b) the details of promoter(s)/promoter group, ..... x x x x x Extracts x x x x x Manner of achieving minimum public shareholding - SEBI x x x x x Extracts x x x x x ..... -up equity share capital of the listed entity. The listed entity shall, at least one trading day prior to such proposed transfer, announce the following details to the stock exchange(s) where its shares are listed: i. the intention of the promoter(s) /promoter group to transfer shares and the purpose of such transfer; ii. the details of promoter(s)/promoter group who propose to transfer their shares in the listed entity; iii. total number of shares and percentage of shareholding proposed to be transferred; and iv. Details of the ETF to which shares are proposed to be transferred by the promoter / promoter group. The listed entity shall also give an undertaking to the recognized stock exchange(s) obtained from the persons belonging to the pr ..... x x x x x Extracts x x x x x Manner of achieving minimum public shareholding - SEBI x x x x x Extracts x x x x x
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