Promoter Sale Shares definition

Promoter Sale Shares means 8,87,185 Equity Shares and 49,00,015 Class A CCPS of the Promoter, which if aggregated with the Other Shareholders Sale Shares constitute 51.97% of the total Equity Shares held by the Management Sellers, calculated on a Fully Diluted Basis. The exact details of Promoter Sale Shares shall be as set out in Updated Schedule V.
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Promoter Sale Shares means 28,985,760 Equity Shares constituting, as on the Execution Date, 28.91% of the paid up share capital of the Company, to be transferred by the Promoter Sellers to the Acquirer, in accordance with the terms of this Agreement;
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Promoter Sale Shares has the meaning ascribed to it in Clause 8.2.3.1(b);
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Examples of Promoter Sale Shares in a sentence

  • In the case of In-specie Distribution, as of the In-specie Second Closing Date the Holdco Promoters not received any notice of any investigations, or claims or pending litigation or proceedings that could restrict the sale of the In-specie Holdco Promoter Sale Shares by the Holdco Promoters.

  • All references to “Transferring Shareholder” in this Clause 4.3 mean a reference to such Promoter(s) who propose to Transfer the Promoter Sale Shares.

  • The Transferring Shareholder shall ensure that the Third Party Transferee purchases from the Tag Shareholders, the Tag Securities (as defined below) at the price and on terms and conditions mentioned in the Tag Offer Notice (“Tag Right”) simultaneously with the purchase of the Promoter Sale Shares.

  • Under the terms of the Transaction Escrow Agreement: (A) the Promoter Sellers were required to transfer the Promoter Sale Shares to an escrow account maintained by the escrow bank; and (B) the Acquirer was required to provide an irrevocable, unconditional and on demand bank guarantee in favour of such escrow bank, guaranteeing the payment of the Promoter Seller Total Maximum Consideration.

  • The Acquirer had agreed to acquire the Promoter Sale Shares for an aggregate consideration as determined in accordance with paragraph 2.1.6(b) on page 9 of this Letter of Offer.

  • Within 20 (twenty) Business Days from the Execution Date, the Acquirer and Promoter Sellers were required to, unless otherwise agreed in writing, endeavour to appoint an escrow bank and execute an escrow agreement to complete the sale and purchase of the Promoter Sale Shares in terms of an escrow arrangement (the “Transaction Escrow Agreement”).

  • The Promoters shall not sell any Equity Shares held by them for a period of 18 (eighteen) months from the date of listing of the Equity Shares on a recognized stock exchange at a price which is lower than the price at which the QIPO was undertaken, provided that, subject to Applicable Law, the Promoters shall not be restricted by this Clause to sell up to Permitted Promoter Sale Shares in the Company as on the date of listing of the Equity Shares on the recognized stock exchange.

  • It is agreed that any interest that accrues under this Clause 7B(iv) till the Long Stop Date (in case of Purchaser Default) shall continue to remain payable by the Purchasers until the acquisition of the In-specie Snowdrop Sale Shares and / or In-specie Holdco Promoter Sale Shares (as the case may be) pursuant to the terms of this Agreement.


More Definitions of Promoter Sale Shares

Promoter Sale Shares means the number of Promoter Shares proposed to be Transferred by the Promoters under Clause 4.3;
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Related to Promoter Sale Shares

  • Sale Shares means [Insert total number of shares of the Company] Shares, representing 100 percent of the total issued, subscribed and fully paid-up equity share capital of the Company held by the Shares Seller and Nominees as more particularly described in Annexure A attached hereto;

  • Purchaser Shares means the common shares in the capital of the Purchaser.

  • Selling Shareholder has the meaning set forth in Section 3.04(a).

  • Acquisition Shares means each class of shares of beneficial interest of an Acquiring Fund to be issued to the corresponding Target Fund in a reorganization under this Agreement.

  • Controlling shareholding means not less than 51% of the voting rights or paid up share capital in the Company/Consortium.

  • Seller Shares means all shares of Common Stock of the Company owned as of the date hereof or hereafter acquired by a Common Holder, as adjusted for any stock splits, stock dividends, combinations, subdivisions, recapitalizations and the like.

  • Selling Shareholders has the meaning given to such term in the Preamble to this Agreement;

  • Subco Shares means the common shares in the capital of Subco;

  • Controlling Shareholders means controlling shareholders of the Company, as such term is defined in the Ordinance.

  • Controlling Shareholder means any shareholder owning more than fifty

  • Sold Shares shall have the meaning specified in Section 6.

  • Majority Shareholder means a holder of more than fifty percent (50%) of the outstanding stock of the Company, or if no person holds more than fifty percent (50%) of the outstanding stock of the Company, the holder of a plurality of the outstanding stock of the Company.

  • Class A Shareholder means a holder of Class A Shares;

  • ASA Shares has the meaning set forth in 2.4(a).

  • Minority Shareholders means holders of Shares that were not tendered pursuant to the Offer or in the Subsequent Offering Period (as it may be extended by the Minority Exit Offering Period).

  • Amalco Shares means the common shares in the capital of Amalco;

  • Majority Shareholders means Xxxxxxx X. Xxx and Xxxxxxx X. Xxxxxxx.

  • Purchased Shares has the meaning set forth in Section 2.01.

  • Initial Shareholder means any beneficial owner of the Company’s unregistered securities.

  • Principal Shareholders means Xxxx Xxxxxxx, Xxxxx Xxxxxxx, Xxxxxxx Xxxxx, Xxxxx Xxxxxxxxxx, Xxxxxxx Xxxxx and Xxxx Persons.

  • Ordinary Shareholder means a holder of ordinary shares;

  • Common Shareholders means the registered and/or beneficial holders of the Common Shares, as the context requires.

  • Consideration Shares has the meaning ascribed thereto in Section 2.2.

  • Closing Shares shall have the meaning ascribed to such term in Section 2.1(a)(i).

  • Selling Member has the meaning set forth in Section 10.5(a).

  • Company Securities has the meaning set forth in Section 3.02(b)(ii).