Promoter Selling Shareholder definition

Promoter Selling Shareholder shall have the meaning given to such term in the Preamble;
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Promoter Selling Shareholder has the meaning ascribed to it in Preamble to this Agreement;
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Promoter Selling Shareholder shall have the meaning given to such term in the Recital (A);
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Examples of Promoter Selling Shareholder in a sentence

  • The Company and the Promoter Selling Shareholder are proposing to undertake an initial public offering of equity shares of face value ₹ 10 each of the Company (the “Equity Shares”), comprising a fresh issue of such number of Equity Shares by the Company aggregating up to ₹ 1,750 million (the “Fresh Issue”) and an offer for sale up to 1,750,000 Equity Shares by the Promoter Selling Shareholder, (“Offered Shares”, such offer for sale, the “Offer for Sale” and together with the Fresh Issue, the “Offer”).

  • Further, the Company and the Promoter Selling Shareholder shall not be responsible to an Indemnified Party to the extent of any Loss which has resulted, solely and directly from the relevant Indemnified Party providing any untrue statement of a material fact relating to the written information provided by the Book Running Lead Managers in relation to themselves, in the Offer Documents.

  • Within one (1) Working Day of closure of the Escrow Accounts, the Public Offer Account and the Refund Account, the Escrow Collection Bank, the Public Offer Account Bank and the Refund Account Bank, respectively shall provide a written confirmation of the closure of such accounts to the Lead Manager, the Company and the Promoter Selling Shareholder.

  • 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 Account Bank or the Refund Account Bank, respectively, shall, upon request by the Company, provide a confirmation in writing to the Company, the Promoter Selling Shareholder and the Lead Manager that no monies are lying to the credit of the Escrow Accounts, the Public Offer Account or the Refund Account.

  • The Company and the Promoter Selling Shareholder hereby confirm and agree to do all acts and deeds as may be necessary to enable the Share Escrow Agent to open and operate the Escrow Demat Account in accordance with this Agreement and Applicable Law.

  • The Share Escrow Agent xxxxxx agrees and undertakes to hold in escrow such Offered Shares credited to the Escrow Demat Account for and on behalf of, and in trust for, the Promoter Selling Shareholder, in accordance with the terms of this Agreement and shall, on behalf of the Promoter Selling Shareholder instruct the Depositories not to recognize any transfer which is not in accordance with the terms of this Agreement.

  • In addition, the Promoter Selling Shareholder shall continue to be the beneficial and legal owner of the Final Offered Shares, and shall exercise, severally and not jointly, all the rights in relation to the Final Offered Shares, including but not limited to voting rights, dividends and other corporate benefits if any, attached to the Final Offered Shares, until such Final Offered Shares are credited to the demat accounts of the Allottees on the Closing Date.

  • The Promoter Selling Shareholder agrees to extend such support as required under Applicable Law or reasonably requested by the Share Escrow Agent to ensure opening the Escrow Demat Account and/or ensure operation of the Escrow Demat Account in accordance with this Agreement and Applicable Law.

  • It is hereby clarified that the above debit of the Offered Shares from the Promoter Selling Shareholder’s Demat Account and the credit of the Offered Shares to the Escrow Demat Account shall not be construed or deemed as a transfer of title or any legal or beneficial ownership or interest by the Promoter Selling Shareholder in favor of the Share Escrow Agent or any other person and the Promoter Selling Shareholder shall continue to fully enjoy all the rights associated with their Offered Shares.

  • All instructions issued by the Company, the Promoter Selling Shareholder and the Share Escrow Agent shall be valid instructions if signed by one representative of each of the Company, the Promoter Selling Shareholder and the Share Escrow Agent, as the case maybe, the name and specimen signatures of whom are annexed in Clause 15 of the Cash Escrow and Sponsor Bank Agreement.


More Definitions of Promoter Selling Shareholder

Promoter Selling Shareholder shall have the meaning given to such term in the Preamble. “Promoter Selling Shareholder Offered Shares” means the Equity Shares offered for sale by the Promoter Selling Shareholders in the Offer aggregating up to ₹ 4,250 million, subject to such changes thereto as may be permitted under Applicable Law.
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Promoter Selling Shareholder shall have the same meaning ascribed to such term in the Preamble of this Amendment Agreement.
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Related to Promoter Selling Shareholder

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

  • 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

  • Principal Shareholder means any corporation, Person or other entity which is the beneficial owner, directly or indirectly, of five percent (5%) or more of the outstanding Shares of any class or series and shall include any affiliate or associate, as such terms are defined in clause (ii) below, of a Principal Shareholder. For the purposes of this Section, in addition to the Shares which a corporation, Person or other entity beneficially owns directly, (a) any corporation, Person or other entity shall be deemed to be the beneficial owner of any Shares (i) which it has the right to acquire pursuant to any agreement or upon exercise of conversion rights or warrants, or otherwise (but excluding share options granted by the Trust) or (ii) which are beneficially owned, directly or indirectly (including Shares deemed owned through application of clause (i) above), by any other corporation, Person or entity with which its "affiliate" or "associate" (as defined below) has any agreement, arrangement or understanding for the purpose of acquiring, holding, voting or disposing of Shares, or which is its "affiliate" or "associate" as those terms are defined in Rule 12b-2 of the General Rules and Regulations under the Securities Exchange Act of 1934, and (b) the outstanding Shares shall include Shares deemed owned through application of clauses (i) and (ii) above but shall not include any other Shares which may be issuable pursuant to any agreement, or upon exercise of conversion rights or warrants, or otherwise.

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

  • Selling Partner has the meaning set forth in Section 8.5.

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

  • ² Shareholder means a person who owns shares in the company and is actively involved in the management of the company or business and exercises control over the company.

  • 10% Shareholder means a person who owns, directly or indirectly, stock possessing more than 10% of the total combined voting power of all classes of stock of the Company or any Parent or Subsidiary of the Company. Indirect ownership of stock shall be determined in accordance with Code Section 424(d).

  • Principal Shareholders means Xxxxxx X. Xxxxxxxxx, Xxxxxx X. Xxxxxx, Xxxxxx X. Xxxxxxxx, Xxxxxx X. Xxxxxxxxx, Xxxxxxx X. Xxxxxx, Xxxxxx X. Xxxx, Xx., C. Xxxxx Xxxxxx, Xxxxxxx X. Xxxxxx, Xxxxxx X. Xxxxx and ABS Capital Partners II, L.P., including their Affiliates.

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

  • Founder means, in respect of an issuer, a person who,

  • Existing Shareholder means any Person that is a holder of Ordinary Shares as of December 8, 2017.

  • Selling Party has the meaning set forth in the definition of “Net Sales.”

  • Anchor Investor means a Qualified Institutional Buyer, applying under the Anchor Investor Portion in accordance with the requirements specified in the SEBI ICDR Regulations and the Red Xxxxxxx Prospectus and who has Bid for an amount of at least ₹100 million.