Emerging Voting Capital definition

Emerging Voting Capital means the total voting equity share capital of the Target Company expected as of the 10th (Tenth) working day from the closure of the tendering period for the Offer. This includes 2,93,33,333 Equity Shares to be allotted by the Target Company to the Acquirer in terms of the SSA (as defined below), subject to the approval of the shareholders of the Target Company and other statutory/ regulatory approvals.

Emerging Voting Capital means the total voting equity share capital of the Target Company on a fully diluted basis expected as of the 10th Working Day from the closure of the tendering period for the Offer. This includes (i) 2,11,77,636 Equity Shares to be allotted by the Target Company to the Acquirer in terms of the SSA (as defined below), subject to the approval of the shareholders of the Target Company and other statutory / regulatory approvals, if any, and (ii) 57,805 employee stock options vested or which shall vest prior to October 31, 2021.

Emerging Voting Capital means the total voting equity share capital of the Target Company on a fully diluted basis expected as of the 10th (Tenth) working day from the closure of the tendering period for the Open Offer. This shall be total voting equity share capital of Rs. 150,25,06,915 consisting of 30,05,01,383 Equity Shares of Rs.5 each inclusive of 15,40,00,000 Equity Shares to be allotted by the Target Company to the Acquirer in terms of the SSA (as defined below), subject to the approval of the shareholders of the Target Company and other statutory/ regulatory approvals.

Examples of Emerging Voting Capital in a sentence

• Assuming no Equity Shares are tendered in the Open Offer, the Acquirer may acquire a maximum of 4,65,44,001 Sale Shares representing 24.54% of the Emerging Voting Capital.

• In terms of the SHA, inter alia, the Acquirer has the right (but not the obligation) to acquire during the Open Offer period, by way of purchase on the floor of the Stock Exchanges, up to such number of Equity Shares as would represent 7.5% of the Emerging Voting Capital at a price not exceeding Rs. 1,022.25 per Equity Share.

• The Acquirer is making this Offer to all Public Shareholders to acquire up to 2,17,36,894 Equity Shares, constituting 26.00% of the Emerging Voting Capital, subject to the terms and conditions mentioned in the PA, DPS and the LOF.

• The Acquirer is making this Open Offer to acquire from the Public Shareholders up to 2,17,36,894 Equity Shares (“ Offer Shares”), constituting 26.00% of the Emerging Voting Capital (“Offer Size”) at an offer price of Rs. 1,022.25 per Offer Share (the “Offer Price”) for cash, aggregating to a total consideration of Rs. 2222,05,39,891.50 (assuming full acceptance) (“Offer Consideration”).

• The Acquirer and the PACs are making this Open Offer to acquire up to 4,91,37,420 Equity Shares (“ Offer Shares”), representing the entire public shareholding constituting 25.90% of the Emerging Voting Capital (“Offer Size”) at an offer price of Rs. 375.00 per Offer Share (the “Offer Price”), aggregating to a total consideration of Rs. 18,42,65,32,500 (assuming full acceptance) (“Offer Consideration”).

More Definitions of Emerging Voting Capital

Emerging Voting Capital means the total voting equity share capital of the Target Company expected as of the 10th (Tenth) Working Day (as defined below) from the closure of the Tendering Period of the Offer;

Emerging Voting Capital means the Paid-up Equity Share Capital of 1,02,58,706 Equity Shares of `10 (Rupees Ten only) each of the Target Company being the Paid-up Equity Share Capital after the allotment of 48,70,606 Equity Shares. Out of which 25,82,130 Equity Shares shall be allotted to one of the Acquirers viz., Mr. Kalidindi Krishnam Raju and balance 22,88,476 Equity Shares to the relatives of Mr. Kalidindi Krishnam Raju on a Preferential Allotment basis.

Emerging Voting Capital means the total voting equity share capital of the Target Company on a fully diluted basis expected as of the 10th (Tenth) Working Day from the closure of the Tendering Period of the Offer i.e. 15,00,00,000/- present paid-up Equity Shares of the Target Company.

Emerging Voting Capital means the paid-up equity share capital of 1,48,38,715 Equity Shares of `10 each of the Target Company being the paid-up equity share capital after allotment of 1,46,50,000 Equity Shares to the Acquirers and Non-Promoter Group on a Preferential Allotment basis.

Emerging Voting Capital means the paid-up equity share capital of 62,16,488 Equity Shares of ` 10 (Rupees Ten only) each of the Target Company after taking into account the Preferential Issue of 43,50,096 Equity Shares;

Emerging Voting Capital means the total voting equity share capital of the Target Company on a fully diluted basis expected as of the 10th (Tenth) Working Day from the closure of the Tendering Period of the Offer i.e. 94,80,700 present paid-up Equity Shares of the Target Company. However, the Issue and allotment of 1,50,00,000 Equity Warrants are not included since no warrants will be converted into Equity Shares as of the tenth working day from the Closure of the Tendering Period.

Emerging Voting Capital means the Paid-up Equity Share Capital of 34,97,880 Equity Shares of 10/- (Rupees Ten only) each of the Target Company being the Paid-up Equity Share Capital after the allotment of 20,00,000 Equity Shares.