TMI BlogRestrictionsX X X X Extracts X X X X X X X X Extracts X X X X ..... e eligible securities during the twelve weeks period prior to the date of the programme and they shall not purchase or sell the eligible securities during the twelve weeks period after the date of the programme: Provided that such promoter or promoter group may , within the period provided in sub-regulation (1), offer eligible securities held by them through institutional placement programme or ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or any person related to promoters of the issuer: Provided that a qualified institutional buyer who does not hold any shares in the issuer and who has acquired the rights in the capacity of a lender shall not be deemed to be a person related to promoters. (3) The issuer shall accept bids using ASBA facility only. (4) The bids made by the applicants in institutional placement programme sh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... egulation (1) read as under: (1) The promoter or promoter group who are offering their eligible securities should not have purchased and/ or sold the eligible securities of the company in the twelve weeks period prior to the offer and they should undertake not to purchase and / or sell eligible securities of the company in the twelve weeks period after the offer. - - statute, statutory pr ..... X X X X Extracts X X X X X X X X Extracts X X X X
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