TMI BlogOther provisions relating to outstanding SR equity sharesX X X X Extracts X X X X X X X X Extracts X X X X ..... The SR equity shares shall be treated at par with the ordinary equity shares in every respect, including dividends, except in the case of voting on resolutions. (2) The total voting rights of SR shareholders (including ordinary shares) in the issuer upon listing, pursuant to an initial public offer, shall not at any point of time exceed seventy four per cent. (3) The SR equity s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... value transaction based on materiality threshold as specified under these regulations; ix. passing of special resolution in respect of delisting or buy-back of shares; and x. other circumstances or subject matter as may be specified by the Board, from time to time. (4) The SR equity shares shall be converted into equity shares having voting rights same as that of ordinar ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the listed entity; iii. merger or acquisition of the listed entity having SR shareholder/s, where the control would no longer remain with the SR shareholder/s; iv. the SR equity shares are sold by an SR shareholder who continues to hold such shares after the lock-in period but prior to the lapse of validity of such SR equity shares. ] ******** Notes ..... X X X X Extracts X X X X X X X X Extracts X X X X
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