New Equity Shares definition

New Equity Shares means new equity shares of Transferee Company as referred to in Section 8;

New Equity Shares means the equity shares issued by the Transferee Company as referred to in Clause 11;

New Equity Shares means new equity shares of the Resulting Company as referred to in Clause 24 hereof;

Examples of New Equity Shares in a sentence

• The Resulting Company shall, if and to the extent required, apply for and obtain the required statutory approvals of the concerned Governmental Authority for the issue and allotment of the New Equity Shares.

• The New Equity Shares issued and allotted by the Resulting Company in terms of this Scheme shall be subject to the provisions of the Act and the terms applicable thereto under the Memorandum and Articles of Association of the Resulting Company.

• RESOLVED FURTHER THAT the Board be and is hereby authorized to take necessary steps for listing of the New Equity Shares on the Stock Exchanges where the securities of the Company are presently listed, as per the provisions of the SEBI Listing Regulations and other applicable guidelines, rules and regulations.

• The Shares issuable upon exercise of this Warrant shall be entitled to registration rights and all other rights as applicable to Common Stock issuable upon conversion of New Equity Shares under any investors’ rights agreement entered into between the Company and the holders of New Equity Shares.

• Upon the Scheme coming into effect, all Equity Shares which the Transferee Company holds in the Transferor Company (either directly or through nominees) shall stand cancelled without any issue or allotment of New Equity Shares or payment whatsoever by the Transferee Company in lieu of such Equity Shares of the Transferor Company.

More Definitions of New Equity Shares

New Equity Shares means Equity Shares of Transferee Company, to be issued to shareholders of the Transferor Company pursuant to this scheme, upon approval of NCLT in exchange of equity shares held in Transferor Company.

New Equity Shares means the shares in the Company to be issued after the Closing in accordance with provisions of the New Shareholders’ Agreement.

New Equity Shares shall have the meaning set out in Clause 16.1;

New Equity Shares means the equity shares to be issued to members of Amalgamating Company under Clause 4.;

New Equity Shares means fresh equity shares to be issued as per Part III of the Scheme.

New Equity Shares means shares of the Transferee Company to be issued by the Transferee Company to the shareholders of the Transferor Company pursuant to and in consideration of the Amalgamation.

New Equity Shares means the equity securities, or other consideration, issued by the Company to investors in the Next Qualified Financing.