Option for Divestment by Promoters Sample Clauses

Option for Divestment by Promoters. Promoter shall be entitled to divest any part of their shareholding in the Company in favour of any reputed corporate entity identified as strategic investors, domestic or foreign, provided, in that case, the total number of shares that Promoter wishes to divest would comprise shares of Promoters and Investor (if they agree) in their respective shareholding ratio. In other words, if Promoter wishes to divest 1,000 shares, then, in that case, the shares sold to the purchaser shall comprise 430 shares of Promoter and 570 shares of Investor and the following provisions shall be applicable:
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