Selling Shareholders definition
Examples of Selling Shareholders in a sentence
The Registrar to the Offer shall act in accordance with the instructions of the Company, the Selling Shareholders and the BRLM and applicable SEBI Regulations and other Applicable Laws.
Notwithstanding anything contained in this Agreement, the Offer Agreement or the Offer Documents, it is hereby clarified that the Company will be responsible for paying the interest, as applicable, in relation to the Equity Shares being offered by the Selling Shareholders in the Offer in case of delay in refund of monies and such delay is not directly due to the failure or delay by the Selling Shareholders.
For the avoidance of doubt, the Bidders or the Underwriter or any other person, as the case may be, shall continue to be the Beneficiaries in relation to any Surplus Amount and subject to receipt of the listing and trading approvals, the Company and the Selling Shareholders shall be the Beneficiaries in respect of their respective portions of the balance amount.
In the event of any conflict in the instructions provided to the Registrar to the Offer, it shall seek clarifications from the Company, the Selling Shareholders and the BRLM and comply with the instructions given by the relevant Parties in accordance with this Agreement.
Further, the Company and the Selling Shareholders shall ensure commission to the RTAs and CDPs, as calculated by the Registrar to the Offer, shall be paid in accordance with this Agreement within 30 Working Days of receipt of invoices from the respective RTAs and CDPs, as the case may be.