Public Offer Bank definition

Public Offer Bank means bank which is a clearing member and registered with SEBI as a banker to an issue and with which the Public Offer Account will be opened.
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Public Offer Bank means ‘No-lien’ and ‘non-interest-bearing’ bank account(s) opened in accordance with Section 40(3) of the Companies Act, 2013, with the Public Offer Account Bank(s) to receive money from the Escrow Account(s) and the ASBA Accounts maintained with the SCSBs on the Designated Date in this case being ICICI Bank Limited.
Sample 1
Public Offer Bank shall have the meaning given to such term in the Preamble;
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Examples of Public Offer Bank in a sentence

  • The Escrow Collection Bank, Public Offer Bank, Refund Bank, Sponsor Bank and the Registrar to the Offer shall extend all co-operation and support to the Managers in identifying the relevant intermediary which is responsible for delay in unblocking of amounts in the ASBA Accounts exceeding four Working Days from the Bid/Offer Closing Date, or such timeline as may be prescribed by Applicable Law.

  • The Company, the Selling Shareholders may in consultation with the Managers appoint a new escrow collection bank, public offer bank, refund bank or sponsor bank or designate one of the existing Escrow Collection Bank, the Public Offer Bank, Refund Bank or Sponsor Bank as a substitute for the retiring Escrow Collection Bank, the Public Offer Bank or Refund Bank within fourteen (14) Working Days of the termination of this Agreement as aforesaid.

  • Upon receipt of instructions and accounts closure letter from the Company, Managers and/or the Registrar, the Public Offer Bank shall take the steps necessary to ensure closure of the Public Offer Account promptly and after all monies in the Public Offer Account are transferred to the accounts of the Company and the Selling Shareholders or the Surplus Amounts are transferred to the Refund Account, in accordance with the terms of this Agreement.

  • Upon receipt of instructions and accounts closure letter from the Company, Book Running Lead Managers and/or the Registrar, the Public Offer Bank shall take the steps necessary to ensure closure of the Public Offer Account promptly and after all monies in the Public Offer Account are transferred to the accounts of the Company and the Selling Shareholders or the Surplus Amounts are transferred to the Refund Account, in accordance with the terms of this Agreement.

  • Upon closure of the Escrow Accounts, the Public Offer Account or the Refund Account, as the case may be, the Escrow Collection Bank, the Public Offer Bank or the Refund Bank, respectively, shall, upon request by the Company, provide a confirmation in writing to the Company, the Selling Shareholders and the Book Running Lead Managers that no monies are lying to the credit of the Escrow Accounts, the Public Offer Account or the Refund Account.


More Definitions of Public Offer Bank

Public Offer Bank means the bank with which the Public Offer Account(s) will be opened, for collection of Bid Amounts from Escrow Account(s) and ASBA Accounts on the Designated Date, in this case being HDFC Bank;
Sample 1
Public Offer Bank means the bank with which the Public Offer Account(s) will be opened, in this case being ICICI Bank Limited;
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Related to Public Offer Bank

  • Public Offering means any offering by the Company of its equity securities to the public pursuant to an effective registration statement under the Securities Act or any comparable statement under any comparable federal statute then in effect (other than any registration statement on Form S-8 or Form S-4 or any successor forms thereto).

  • IPO means the Company’s initial public offering of securities.

  • Periodic Offering means an offering of Securities of a series from time to time, the specific terms of which Securities, including, without limitation, the rate or rates of interest, if any, thereon, the stated maturity or maturities thereof and the redemption provisions, if any, with respect thereto, are to be determined by the Issuer or its agents upon the issuance of such Securities.

  • Business Combination means a merger, consolidation, statutory share exchange or similar transaction that requires the approval of the Company’s stockholders.

  • Offering shall have the meaning ascribed to such term in Section 2.1(c).