Proposed Preferential Issue definition

Proposed Preferential Issue. / “the Preferential Issue” means issue of 1,39,50,000 Equity Shares at a price of Rs. 39/- (including premium of Rs. 29/-) per Equity Share to the Acquirer, PACs (shareholders of the Selling Company) and Others (public shareholders) which is approved by the Board of Directors (further subject to the approval of the members of the Target Company and any other regulatory approvals) of the Target Company in their meeting held on February 07, 2018. No consideration is required to be paid by the Acquirer and PACs to the Target Company w.r.t the proposed preferential issue for their shareholding in the Selling Company. However, the Acquirer and PACs have also proposed to acquire additional 10,00,000 Equity Shares for Cash in the proposed preferential issue of the Target Company. Equity Shares proposed to be allotted to Others (public shareholders) shall be for consideration in Cash.
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Proposed Preferential Issue. / “the Preferential Issue” means issue of 2,08,50,000 Equity Shares and 70,00,000 Convertible Warrants at a price of ` 10 per Equity Share to the Acquirer, the PAC and Others (public shareholders) which is approved by the Board of Directors (further subject to the approval of the members of the Target Company and any other regulatory approvals) of the Target Company in their meeting held on September 14, 2018. The Proposed Preferential Issue to the Acquirer, the PAC and Others (public shareholders) shall be done for consideration in Cash.
Sample 1
Proposed Preferential Issue. / “the Preferential Issue” means the proposed preferential allotment as approved by the Board of Directors of the Target Company at their meeting held on January 25, 2017 subject to approval of the members and other regulatory approvals of 20,08,035 Equity Shares of face value of `10 each at premium of `27.40 per Equity Share to the Shareholders of the Selling Company 1 and the Selling Company 2 and Others.
Sample 1

Examples of Proposed Preferential Issue in a sentence

  • The Equity Shares and Convertible Warrants proposed to be issued under the Proposed Preferential Issue, if allotted to the Acquirer and the PACs, during the Offer Period, shall be kept in a separate ‘DP Escrow Account’ in compliance with Regulation 22(2A) of the SEBI (SAST) Regulations.

  • The Equity Shares proposed to be issued under the Proposed Preferential Issue, if allotted, during the Offer Period, shall be kept in a separate ‘DP Escrow Account’ in compliance with Regulation 22(2A) of the Takeover Regulations.

  • Acquirer-4 does not hold any shares of Target Company as on the date of the LOF, however he has agreed to buy 1,21,765 Equity Shares (Sale Shares) from current Promoter of Target Company through Share Purchase Agreement (SPA) dated 17th March, 2021 and agreed to subscribe 1,54,292 Equity Shares by way of Proposed Preferential Issue.

  • Acquirer-1 does not hold any shares of Target Company as on the date of the LOF, however he has agreed to buy 1,29,723 Equity Shares (Sale Shares) from current Promoter of Target Company through Share Purchase Agreement (SPA) dated 17th March, 2021 and agreed to subscribe 3,42,449 Equity Shares by way of Proposed Preferential Issue.

  • KDMC cannot deny access to healthcare services to disabled individuals, including those with Substance Use Disorder (SUD) and Opioid Use Disorder (OUD).

  • Acquirer-6 does not hold any shares of Target Company as on the date of the LOF, however he has agreed to buy 2,28,036 Equity Shares (Sale Shares) from current Promoter of Target Company through Share Purchase Agreement (SPA) dated 17th March, 2021 and agreed to subscribe 2,43,618 Equity Shares by way of Proposed Preferential Issue.

  • This should be the contact information of the person associated with the e-mail address found by the system.

  • The CP shall be completed by October 1, 2006, and a Final Report, certifying completion of the CP and providing a post-construction accounting of all expenses with proof of payment, shall be submitted by November 1, 2006.

  • He has agreed to buy 57,630 Equity Shares (Sale Shares) from current Promoters and Promoter group of Target Company through Share Purchase Agreement (SPA) dated 06th April, 2022 and also agreed to subscribe 16,58,334 Equity Shares by way of Proposed Preferential Issue.

  • In-principle approval from the stock exchange: In-principle approval from BSE Limited for listing of Equity Shares proposed to be issued pursuant to the Proposed Preferential Issue by the Target Company is required to be obtained by the Target Company as per the provisions of Companies Act, 2013 and in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“ICDR Regulations”) and LODR Regulations.


More Definitions of Proposed Preferential Issue

Proposed Preferential Issue means the proposed preferential allotment as approved by the Board of Directors of the Target Company at their meeting held on August 03, 2020 subject to approval of the members and other regulatory approvals of 6,83,40,000 fully paid up Equity Shares of face value of Rs.10 each at par per Equity Share for ‘Cash’ to Public and ‘Other than Cash’ to the Acquirer and also 92,00,000Warrants for ‘Cash’ to the Acquirer and to Public. Each Warrants are convertible into equal number of Equity Shares of the Target Company aggregating to 7,75,40,000 Equity Shares of Rs. 10 each fully paid- up on fully diluted basis.
Sample 1

Related to Proposed Preferential Issue

  • Series D Preferred means the Corporation's Series D Convertible Preferred Stock, par value $.002 per share.

  • Series C Preferred means all shares of the Series C Preferred Stock, $0.001 par value per share, of the Company.

  • Series A Preferred means the Series A Convertible Preferred Stock of the Company, par value $0.01 per share.

  • Initial Issue Price means the price (excluding any Preliminary Charge) per Share at which Shares are initially offered in a Fund during the Initial Offer Period as specified in the Supplement for the relevant Fund;

  • Series B Preferred means the Company's Series B Preferred Stock, par value $0.01 per share.

  • New Preferred Stock means the Convertible Series A Preferred Stock and the Series B Preferred Stock.

  • Series E Preferred Shares means the Series E Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Parity Preferred Units shall have the meaning provided in Section 4.

  • Series H Preferred Stock means the Corporation's Series H Convertible Preferred Stock, par value $0.004 per share.

  • Series C Preferred Shares means the Company’s series C preferred shares, par value US$0.00001 per share.

  • Designated Preferred Stock means Preferred Stock of the Company or any direct or indirect parent of the Company (other than Disqualified Stock), that is issued for cash (other than to the Company or any of its Subsidiaries or an employee stock ownership plan or trust established by the Company or any of its Subsidiaries) and is so designated as Designated Preferred Stock, pursuant to an Officers’ Certificate, on the issuance date thereof.

  • Permitted Preferred Stock means and refers to any Preferred Stock issued by a Borrower (and not by one or more of its Subsidiaries) that is not Prohibited Preferred Stock.

  • Series C Liquidation Preference means a liquidation preference for each Series C Preferred Unit initially equal to $25.00 per unit (subject to adjustment for any splits, combinations or similar adjustments to the Series C Preferred Units), which liquidation preference shall be subject to increase by the per Series C Preferred Unit amount of any accumulated and unpaid Series C Distributions (whether or not such distributions shall have been declared).

  • Series D Preferred Shares means the Company’s series D preferred shares, par value US$0.00001 per share.

  • Qualified Preferred Stock means any preferred capital stock of Holdings or the Lead Borrower so long as the terms of any such preferred capital stock (x) do not contain any mandatory put, redemption, repayment, sinking fund or other similar provision prior to the 91st day after the Latest Maturity Date at as of the date such Qualified Preferred Stock was issued other than (i) provisions requiring payment solely (or with provisions permitting Holdings or the Lead Borrower, as applicable, to opt to make payment solely) in the form of common Equity Interests or Qualified Preferred Stock of Holdings or the Lead Borrower, as applicable, or any Equity Interests of any direct or indirect Parent Company of Holdings or the Lead Borrower, as applicable, (ii) provisions requiring payment solely as a result of a change of control or asset sale, so long as any rights of the holders thereof upon the occurrence of a change of control or asset sale are subject to the payment in full of all Obligations in cash (other than unasserted contingent indemnification obligations) or such payment is otherwise permitted by this Agreement (including as a result of a waiver or amendment hereunder) and (iii) with respect to preferred capital stock issued to any plan for the benefit of employees of Holdings or the Lead Borrower, as applicable, or its Subsidiaries or by any such plan to such employees, provisions requiring the repurchase thereof in order to satisfy applicable statutory or regulatory obligations and (y) give Holdings or the Lead Borrower the option to elect to pay such dividends or distributions on a non-cash basis or otherwise do not require the cash payment of dividends or distributions at any time that such cash payment is not permitted under this Agreement or would result in a Default or Event of Default hereunder.

  • Qualifying Preferred Stock means non-cumulative perpetual preferred stock of the Corporation that (a) ranks pari passu with or junior to all other preferred stock of the Corporation, and (b) either (x) is subject to a Qualifying Replacement Capital Covenant or (y) is subject to Intent-Based Replacement Disclosure and has a provision that prohibits the Corporation from paying any dividends thereon upon its failure to satisfy one or more financial tests set forth therein, and (c) as to which the transaction documents provide for no remedies as a consequence of non-payment of dividends other than Permitted Remedies.

  • Series A Preference Shares means the Series A Preference Shares of £0.05 each in the capital of the Company.

  • Series C Preferred Units shall have the meaning provided in Section 1.

  • Series B-1 Preferred Stock means shares of the Company’s Series B-1 Preferred Stock, par value $0.001 per share.

  • Series A Preferred Shares means the Series A Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series A-1 Preferred Shares means the Company’s series A-1 preferred shares, par value US$0.00001 per share.

  • Series E Preferred Stock means the Series E Preferred Stock, par value $0.001, of the Company.

  • Series B Liquidation Preference means a liquidation preference for each Series B Preferred Unit initially equal to $25.00 per unit, which liquidation preference shall be subject to increase by the per Series B Preferred Unit amount of any accumulated and unpaid Series B Distributions (whether or not such distributions shall have been declared).

  • Series A Preferred Unit means a Preferred Unit having the designations, preferences, rights, powers and duties set forth in Article XVI.

  • Series C Preferred Stock means shares of the Company’s Series C Preferred Stock, par value $0.0001 per share.

  • Liquidation Preference means, with respect to any Series, the amount specified as the liquidation preference per share for that Series in the Appendix for such Series.