Existing Promoters definition

Existing Promoters means Sanjay Chamria, Mayank Poddar, Celica Developers Private Limited, Magma Consumer Finance Private Limited, Microfirm Capital Private Limited, Ashita Poddar, Kalpana Poddar, Mansi Poddar, and Shaili Poddar;
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Existing Promoters means the present promoters of the Target Company viz. Mr. Sanjeev Arora, Mr. Kavya Arora, Ms. Sandhya Arora, Ms. Ketki Arora, Sanjeev Arora HUF, Ms. Guneet Arora, Ritesh Spinning Mills Limited and Femella Fashions Limited.
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Existing Promoters. ’ means: (i) SKS ISPAT and Power Limited; and (ii)
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Examples of Existing Promoters in a sentence

  • The notification may be sent electronically to an e-mail or be mailed to the last known address of each pharmacist, intern or pharmacy technician, in the discretion of the board and as shown on record with the Board.

  • In the year 2000, our Existing Promoters Mr. Parveen Gupta, Mr. Sachin Gupta, Mr. Rajesh Gupta and Mr. Yash Pal Gupta took over the control of our Company from our erstwhile Promoters i.e. Mr. Hukamraj Sajjanraj Kumbhat, Mr. Kaushal Kumbhat, Mr. Pardip Kumbhat, Mr. Haradhan Saha, Mrs.

  • Also, the Existing Promoters (i.e., the existing promoter and promoter group of the Target Company) is neither categorised as a wilful defaulter by any bank or financial institution or consortium thereof, in accordance with the guidelines on wilful defaulters issued by the RBI nor a fugitive economic offender under Section 12 of the Fugitive Economic Offenders Act, 2018 (17 of 2018).

  • The Open Offer is being made under Regulation 4 of the SEBI (SAST) Regulations since the Acquirer has entered into the Share Subscription Agreement and the Shareholders Agreement pursuant to which the Acquirer intends to acquire and exercise control of and over the Target Company and become a joint promoter along with the Existing Promoters of the Target Company in accordance with the terms of the Shareholder Agreement.

  • All owners of the shares, Registered or Unregistered (except the Acquirers, Existing Promoters & Sellers) who own the shares any time prior to the Closing of the Offer are eligible to participate in the Offer as per the procedure set out in Para 8 below.

  • Subject to the terms of the JVA, on and after the Effective Date (i) the Existing Promoters shall collectively have the right to nominate 3 (Three) directors to the Board of Directors; (ii) Acquirer 1 would have the right to nominate 3 (Three) directors to the Board of Directors.

  • Ritesh Rental Private Limited, a company initially promoted by Existing Promoters of RPIL, had been acquired by Findoc Infrabiz Private Limited, a company promoted by PAC 1 in 2018.

  • Target Company, its Existing Promoters and its group companies have their accounts in broking entities viz.

  • Subject to consummation of Open Offer and other formalities as may be required under Takeover Regulations, Acquirer/PAC to be re-classified as promoter shareholder alongwith Existing Promoters of Target Company.

  • At any time after the Restricted Period, if either Acquirer 1 or any of the Existing Promoters desire to directly or indirectly transfer any of the equity securities held by it in the Target Company to any person such transfer shall be subject to customary restrictions such as general right of first offer, tag along right and financing call option.


More Definitions of Existing Promoters

Existing Promoters means collectively, the Current Promoter Group and Acquirer 2.
Sample 1
Existing Promoters means promoter and promoter group of the Target Company, excluding the Acquirers and includes individuals/bodies corporate, forming part of the Promoters and Promoter Group as per clause 35 of the listing agreement i.e. Shree Global Tradefin Limited, Trump Investments Limited, Renu R Gupta, Rajesh R Gupta, Chitralekha R Gupta, Abha M Gupta and Mukesh R Gupta.
Sample 1
Existing Promoters means promoter and promotergroup of the Target Company, excluding theAcquirers and
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Existing Promoters means the Current Promoter Group and the Promoter Holding Company. However, if the Promoter Holding Company ceases to be under the Control of the Current Promoter Group or their Affiliates at anytime, then the Promoter Holding Company shall automatically cease to be included in the definition of the term “Existing Promoters” for the purposes of these Articles;
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Related to Existing Promoters

  • Existing Project is a Project that has achieved Commercial Operation on or prior to the Execution Date.

  • Promoters means Maple Leaf Short Duration Holdings Ltd. and the General Partner (individually, a “Promoter”).

  • Existing Products Tangible Products and intangible licensed Products that exist prior to the commencement of work under the contract. Existing Products must be identified on the Product prior to commencement of work or else will be presumed to be Custom Products.

  • Existing Product means any formulation of the same product category and form sold, supplied, manufactured, or offered for sale in California prior to the following dates, or any subsequently introduced identical formulation:

  • Local content means that portion of the bidding price which is not included in the imported content provided that local manufacture does take place.

  • Existing Facilities means all existing buildings and other facilities, the sites for the buildings or facilities, and furnishings or equipment for the buildings or facilities located on real property acquired by the building authority under the terms of this act.

  • Ongoing Project means a multi-year project undertaken by a Company in fulfilment of its CSR obligation having timelines not exceeding three years excluding the financial year in which it was commenced, and shall include such project that was initially not approved as a multi-year project but whose duration has been extended beyond one year by the board based on reasonable justification;

  • Massive Multiauthor Collaboration Site (or “MMC Site”) means any World Wide Web server that publishes copyrightable works and also provides prominent facilities for anybody to edit those works. A public wiki that anybody can edit is an example of such a server. A “Massive Multiauthor Collaboration” (or “MMC”) contained in the site means any set of copyrightable works thus published on the MMC site.

  • Adhesion promoter means a very thin coating applied to a substrate to promote wetting and form a chemical bond with the subsequently applied material.

  • Existing uses means those uses actually attained in a water body on or after November 28, 1975, whether or not they are included in the water quality standards.

  • Collective dose means the sum of the individual doses received in a given period of time by a specified population from exposure to a specified source of radiation.

  • Existing Facility means a facility in existence on any given date, newly constructed or altered.

  • Existing Material means Material developed independently of this Agreement that is incorporated in or supplied as part of Reporting Material or Activity Material.

  • Licensed facility means a facility licensed by the department under section 137 or an adult foster care facility.

  • Development Site means any parcel or lot on which exists or which is intended for building development other than the following:

  • Existing unit means a unit (including a unit subject to Section 111 of the Act) that commenced commercial operation before November 15, 1990, and that on or after November 15, 1990, served a generator with a nameplate capacity of greater than 25 MWe. Existing unit does not include simple combustion turbines or any unit that on or after November 15, 1990, served only generators with a nameplate capacity of 25 MWe or less. Any existing unit that is modified, reconstructed, or repowered after November 15, 1990, shall continue to be an existing unit.

  • Co-Promotion means those promotional activities undertaken by a ------------ pharmaceutical company's sales force in concert with at least one other pharmaceutical company's sales force to implement the marketing plans and strategies with respect to a particular prescription pharmaceutical product under a single trademark. When used as a verb, "Co-Promote" shall mean to engage ---------- in such activities.

  • Existing use means a use actually attained in a surface water of the state on or after November 28, 1975, whether or not it is a designated use.

  • Existing Credit Agreement as defined in the recitals hereto.