Promoter Selling Shareholders definition

Promoter Selling Shareholders shall have the meaning given to such term in the Preamble;
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Promoter Selling Shareholders has the meaning given to such term in the Preamble to this Agreement;
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Promoter Selling Shareholders has the meaning attributed to such term in the recitals of this Agreement.
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Examples of Promoter Selling Shareholders in a sentence

  • The average cost of acquisition of Equity Shares by our Promoter Selling Shareholders and the Promoter Group Selling Shareholders may be lower than the Floor Price.

  • For further details regarding the average cost of acquisition of Equity Shares by our Promoter Selling Shareholders and the Promoter Group Selling Shareholders in our Company, please see “Summary of the Offer Document – Average cost of acquisition” on page 22.

  • The Promoter Selling Shareholders have provided customary indemnities and warranties to the Acquirer under SPA 1.

  • The Promoter Selling Shareholders have also severally confirmed that they are the legal and beneficial owners of the Equity Shares being offered by them under the Offer for Sale.

  • The proceeds from the Offer for Sale will be remitted to the Promoter Selling Shareholders and our Company will not benefit from such proceeds.

  • Each member of the Syndicate and its respective Group shall not restrict their activities as a result of this engagement, and the members of the Syndicate and their respective Groups may undertake any business activity without further consultation with, or notification to, the Company or the Promoter Selling Shareholders.

  • For example, a Group may, in the ordinary course of business, engage in trading in financial products or undertake other investment businesses for their own account or on behalf of other clients, including, but not limited to, trading in or holding long, short or derivative positions in securities, loans or other financial products of the Company, the Promoter Selling Shareholders, their respective Affiliates or other entities connected with the Offer.

  • The Offer may also include allocation of Equity Shares, on a discretionary basis, to certain Anchor Investors (as defined in the Offer Documents) by the Company through the IPO Committee and Promoter Selling Shareholders in consultation with the BRLMs, in accordance with the SEBI ICDR Regulations.

  • By reason of law or duties of confidentiality owed to other persons, or the rules of any regulatory authority, the Group may be prohibited from disclosing information to the Company or the Promoter Selling Shareholders (or if such disclosure may be inappropriate), in particular information as to the Group’s possible interests as described in this paragraph and information received pursuant to client relationships.

  • Since all future crystallized claims beyond Rs. 300 crore will be fully charged back and recovered from the Promoter Selling Shareholders, there will be no further impact on the results of the Company.


More Definitions of Promoter Selling Shareholders

Promoter Selling Shareholders shall have the meaning given to such term in the Preamble; “RBI” shall mean the Reserve Bank of India;
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Promoter Selling Shareholders. Demat Account(s)” means the demat accounts of the Promoter Selling Shareholder, as set out in Schedule H, from which such shares will be credited to the Escrow Demat Account, in accordance with this Agreement;
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Promoter Selling Shareholders means Xxxxxx Xxxxx, Xxxxxx Xxxx and Xxxxxx Xxxx;
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Promoter Selling Shareholders means collectively Promoter Selling Shareholder 1, Promoter Selling Shareholder 2, Promoter Selling Shareholder 3, and Promoter Selling Shareholder 4 QIB means qualified institutional buyers as defined under Regulation 2(1)(ss) of the SEBI ICDR Regulations; Red Xxxxxxx Prospectus means the red xxxxxxx prospectus to be issued in accordance with section 26 of the Companies Act and the SEBI ICDR Regulations, which will not have complete particulars of the price at which the Equity Shares will be offered and the size of the Offer and includes any addenda and corrigenda thereto. The Red Xxxxxxx Prospectus will be filed with the RoC at least three 3 Working Days before the Bid/Offer Opening Date and will become the Prospectus upon filing with the Registrar of Companies, Maharashtra at Mumbai after the Pricing Date; Rejection Order bears the meaning ascribed to it at Clause 8.11; Restricted Party a person that is (i) listed on, or is controlled or 50% or more owned in the aggregate by, or is acting on behalf of, one or more persons that are currently the subject of any Sanctions administered or enforced by the Sanctions Authorities or listed on any Sanctions List; or (ii) located in, incorporated under the laws of, or owned (directly or indirectly) or controlled by, resident in a country or territory that is, or acting on behalf of, a person located in or organized under the laws of a country or territory that is or whose government is, the subject of Sanctions that broadly prohibit dealings with that country or territory; or (iii) otherwise the subject or a target of Sanctions (“target of Sanctions” signifying a person with whom a U.S. person or other person required to comply with the relevant Sanctions would be prohibited or restricted by law from engaging in trade, business or other activities); Sanctions List means the Specially Designated Nationals and Blocked Persons List, the Foreign Sanctions Evaders List and the Sectoral Sanctions Identifications List maintained by OFAC, the United Nations Security Council 1267/1989/2253 Committee’s Sanction List, the Consolidated List of Financial Sanctions Targets maintained by HMT, the EU consolidated list of persons, groups and entities subject to “EU Financial Sanctions” or any similar list maintained by, or public announcement of Sanctions designation made by, any of the Sanctions Authorities; SCRR bears the meaning ascribed to it at Clause 4.3; SCSB means self-certified syndicate banks registered with SEBI;
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Promoter Selling Shareholders shall have the meaning given to such term in the Preamble; “Promoter Selling Shareholder Demat Account(s)” shall mean the demat accounts of each of the Promoter Selling Shareholders, the details of which are provided in Schedule A of this Agreement;
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Promoter Selling Shareholders shall have the meaning given to such term in the Preamble; “Promoter Selling Shareholders Statements” shall mean all the statements specifically made, confirmed or undertaken by each of the Promoter Selling Shareholders, in writing, in the Offer Documents in relation to themselves as a selling shareholder and their respective portion of the Promoter Selling Shareholders’ Offered Shares;
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Related to Promoter Selling Shareholders

  • Selling Shareholders sections in substantially the form attached hereto as Exhibit B. The Company shall use its reasonable best efforts to have each Additional Registration Statement declared effective by the SEC as soon as practicable, but in no event later than the Additional Effectiveness Deadline. By 9:30 a.m. New York time on the Business Day following the Additional Effective Date, the Company shall file with the SEC in accordance with Rule 424 under the 1933 Act the final prospectus to be used in connection with sales pursuant to such Additional Registration Statement.

  • Controlling Shareholder means any shareholder owning more than fifty

  • Public Shareholders means the holders of Ordinary Shares included in the Units issued in the Public Offering; (v) “Public Shares” shall mean the Ordinary Shares included in the Units issued in the Public Offering; (vi) “Trust Account” shall mean the trust account into which a portion of the net proceeds of the Public Offering and the sale of the Private Placement Warrants shall be deposited; (vii) “Transfer” shall mean the (a) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated thereunder with respect to, any security, (b) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (c) public announcement of any intention to effect any transaction specified in clause (a) or (b); and (viii) “Charter” shall mean the Company’s Amended and Restated Memorandum and Articles of Association, as the same may be amended from time to time.