Examples of Subscription Securities in a sentence
The Promoter has agreed to become a party to the Investment Agreement on the request of the Target Company in order to enable the Target Company to raise funds by issuing the Investor Subscription Securities.
In-principle approval from the Stock Exchanges to the issuance of the Investor Subscription Securities.
In terms of Regulation 22(2) and the proviso to Regulation 22(2A) of the SEBI (SAST) Regulations, the Acquirer has deposited in the Escrow Account, cash of an amount equal to the entire Maximum Open Offer Consideration and has completed the subscription of the Investor Subscription Securities pursuant to the Investment Agreement.
The statutory approvals from (a) The CCI has been received on 15 July 2020 (b) the SEC has been granted to the Acquirer on 16 July 2020 and (c) In principle approval from the Stock Exchanges to the issuance of the Investor Subscription Securities was obtained from the BSE on June 12, 2020 and NSE on June 4, 2020.
The Underlying Transaction contemplated under the Investment Agreement was completed on 28 July, 2020 and the Investor Subscription Securities were issued and allotted to the Acquirer.