Examples of Equity Share Capital in a sentence
Specific written consent has been obtained from the Promoters for inclusion of the Equity Shares for ensuring lock-in of three years to the extent of minimum 20% of post -Issue paid-up Equity Share Capital from the date of allotment in the proposed public Issue.
SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity)i.
Our Promoters have granted their consents to include such number of Equity Shares held by them as may constitute minimum 20.00% of the post-issue Equity Share Capital of our Company as Promoter’s Contribution and have agreed not to sell or transfer or pledge or otherwise dispose of in any manner, the Promoter’s Contribution from the date of filing of this draft prospectus until the completion of the lock-in period specified above.
Pursuant to the Regulation 32(1) and 36(a) of the SEBI (ICDR) Regulations, an aggregate of 20% of the Post-Issue Equity Share Capital held by our Promoter shall be considered as promoters’ contribution (“Promoters’ Contribution”) and locked-in for a period of three years from the date of Allotment.
Post this Issue, our Promoters and Promoter Group will collectively own substantial portion of our Equity Share Capital.