TMI BlogFast Track IssueX X X X Extracts X X X X X X X X Extracts X X X X ..... crore rupees in case of public issue and two hundred and fifty crore rupees in case of rights issue]; (c) the annualised trading turnover of the equity shares of the issuer during six calendar months immediately preceding the month of the reference date has been at least two per cent. of the weighted average number of equity shares listed during such six months period: 2 [Provided that for issuers, whose public shareholding is less than fifteen per cent. of its issued equity capital, the annualised trading turnover of its equity shares has been at least two per cent. of the weighted average number of equity shares available as free float during such six months period;] (d) the issuer has redressed at least ninety five per cen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the issuer or its promoters or whole time directors as on the reference date; 7 [(ga) the issuer or promoter or promoter group or director of the issuer has not settled any alleged violation of securities laws through the consent or settlement mechanism with the Board during three years immediately preceding the reference date;] (h) the entire shareholding of the promoter group of the issuer is held in dematerialised form on the reference date 8 [;] 9 [(i) in case of a rights issue, promoters and promoter group shall mandatorily subscribe to their rights entitlement and shall not renounce their rights, except to the extent of renunciation within the promoter group or for the purpose of complying with minimum public shareho ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ring the red herring prospectus (in case of a book built issue) or prospectus (in case of a fixed price issue) with the Registrar of Companies; and (b) in case of a rights issue by a listed issuer, the date of filing the letter of offer with the designated stock exchange. (II) average market capitalisation of public shareholding means the sum of daily market capitalisation of public shareholding for a period of one year up to the end of the quarter preceding the month in which the proposed issue was approved by the shareholders or the board of the issuer, as the case may be, divided by the number of trading days. (III) public shareholding shall have the same meaning as assigned to it in the equity listing agreement. ** ..... X X X X Extracts X X X X X X X X Extracts X X X X
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