Promoter Group means such persons and entities constituting the promoter group as per Regulation 2(1)(pp) of the SEBI ICDR Regulations.
Promoter Group shall have the meanings given to the respective terms in the Offer Documents. For the avoidance of doubt, any reference in this Agreement to Affiliates includes any party that would be deemed an “affiliate” under Rule 405 or Rule 501(b) under the U.S. Securities Act. For the purpose of this Agreement, the Affiliates of the Promoter Selling Shareholders shall not be considered Affiliates of the Company;
Promoter Group means an immediate relative of the Promoter (i.e. spouse of that person, or any parent, brother, sister or child of the person or of the spouse); persons whose shareholding is aggregated for the purpose of disclosing in the offer document “shareholding of the promoter group”.
Examples of Promoter Group in a sentence
All invitations, offers, issuances and allotments of the securities of the Company, the Group Companies and the members of the Promoter Group, as applicable, since incorporation have been made in compliance with Applicable Law, including Sections 67 and 81 of the Companies Act, 1956 or Sections 25, 28, 42 and 62 of the Companies Act and the rules made thereunder, as and to the extent applicable, other provisions of the Companies Act and the FEMA.
The Promoters, the Promoter Group and the Group Company, as applicable, has been accurately described without any omission, in the Draft Red Xxxxxxx Prospectus.
More Definitions of Promoter Group
Promoter Group means a Relative of the Promoter, persons whose shareholding is aggregated for the purpose of disclosing in the offer document “shareholding of the promoter group.
Promoter Group means the members of the promoter and promoter group of the Target Company as defined under the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements)
Promoter Group means the entities constituting the promoter group of our Company in terms of Regulation 2(1) (pp) of the ICDR Regulations as disclosed in the Offer Documents;
Promoter Group shall have the meanings given to the respective terms in the Offer Documents. For the avoidance of doubt, any reference in this Agreement to Affiliates includes any party that would be deemed an “affiliate” under Rule 405 or Rule 501(b) under the U.S. Securities Act, as applicable. Notwithstanding anything contained in this Agreement, each Selling Shareholder and its Affiliates shall not be considered an Affiliate of the Company. Notwithstanding anything contained in this definition, for the purposes of this Agreement, in respect of any Selling Shareholder, any portfolio or investee company, limited partner, investor or non-Controlling shareholder of a Selling Shareholder or its Affiliates shall not be considered as ‘Affiliates’ of the Selling Shareholder
Promoter Group means a person defined as a Promoter Group under the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 or any modification thereof.
Promoter Group and “Group Companies”, as identified in the Offer Documents are deemed to be Affiliates of the Company and shall have the meanings given to the respective terms in the Offer Documents. For the avoidance of doubt, any reference in this Agreement to Affiliates includes any party that would be deemed an “affiliate” under Rule 405 or Rule 501(b) under the U.S. Securities Act, as applicable;