Preferential Allotment definition

Preferential Allotment shall have the meaning ascribed to it in Recital E;

Preferential Allotment means preferential allotment under Section 81(1A) of the Companies Act, 1956 and/or under Chapter VII of the ICDR Regulations;

Preferential Allotment means the proposed Preferential Allotment as approved by the board of directors of the Target Company at their Board Meeting held on Thursday, May 19, 2022 subject to approval of members and other regulatory approvals of 55,00,000 (Fifty Five Lakhs) Equity Shares to be allotted by the Target Company to the Acquirers of face value of ₹ 10/- each at a price of ₹ 15.50/- per Equity Share including a premium of ₹ 5.50/- per Equity Share.

Examples of Preferential Allotment in a sentence

• However, the percentage of shareholding and voting rights exercised by the shareholders of the Company will change in accordance with the change in the shareholding pattern pursuant to the Preferential Allotment.

• Preferential Allotment of Shares: The Company did not allot any shares on preferential basis during the period under review.

• During the year under review, the Bank has not raised any funds through Preferential Allotment or Qualified Institutions Placement as specified under Regulation 32(7A) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

• The Company has not raised any funds through Preferential Allotment/ Qualified Institutional Placement.

• The Company has not made any Preferential Allotment of Shares to parties and Companies covered in the Register maintained u/s 301 of the Act, during the year.

More Definitions of Preferential Allotment

Preferential Allotment. /“Pref Issue” shall mean issue and allotment of 48,70,606 Equity Shares of face value of `10 (Rupees Ten only) each at a price of `10 (Rupees Ten only) each representing 47.48% of the Emerging Voting Capital of the Target Company against swap of Shares of Krisani Bio Sciences Private Limited (“Krisani”) in the ratio of 83:100 i.e. Eighty Three Equity Shares of the Target Company against One hundred Equity Shares of Krisani.

Preferential Allotment or "Private placement" means an issue of capital made by an NBFC in pursuance of a resolution passed under sub-section (1A) of section 81 of the Companies Act, 1956.

Preferential Allotment means issue and allotment of upto 86,65,511 Equity Shares on preferential allotment basis to the Acquirer, in accordance with the provisions of Section 81(1A) of the Companies Act, 1956 read with Chapter VII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, approved by the shareholders of the Target Company by passing special resolution in the Annual General Meeting of the Target Company held on February 20, 2013.

Preferential Allotment means proposed issue and allotment of 15,40,00,000 Equity Shares of the Target Company to the Acquirer in accordance with the Share Subscription Agreement dated November 25, 2021 (“SSA”), subject to requisite approvals as mentioned in the SSA.

Preferential Allotment means issue and allotment of up to 11,34,61,538 Equity Shares representing 37.96% of the Emerging Voting Capital to the Acquirer and PAC 4 (9,03,84,615 Equity Shares representing 30.24% of the Emerging Voting Capital to the Acquirer and 2,30,76,923 Equity Shares representing 7.72% of the Emerging Voting Capital to the PAC 4) on a preferential allotment basis in compliance with the relevant provisions of the Companies Act, 2013 read with Chapter VII (Preferential Issue) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, subject to approval of shareholders of the Target Company at its extra ordinary general meeting to be held on August 1, 2014.

Preferential Allotment or "Private placement" means 37non-public offering of NCDs by NBFCs to such number of select subscribers and such subscription amounts, as may be specified by the Reserve Bank from time to time.ii. "Public issue" means an invitation by an NBFC to public to subscribe to the securities offered through a prospectus.

Preferential Allotment means conversion of 47,60,000 convertible warrants into equal number of equity shares of face value of Rs. 10/- (Rupees Ten Only) each at a price of Rs. 12.50/- (Rupees Twelve and Fifty Paisa Only) each.