Sponsor Banks definition

Sponsor Banks has the meaning attributed to such term in the preamble of this Agreement.

Sponsor Banks shall have the meaning given to such term in the Preamble; “Stock Exchanges” shall mean BSE and NSE;

Sponsor Banks mean banks registered with SEBI and appointed by the Company to act as a conduit between the Stock Exchanges and the National Payments Corporation of India in order to push the mandate collect requests and/or payment instructions of the UPI Bidders into the UPI, in this case being ICICI Bank Limited and HDFC Bank Limited.

Examples of Sponsor Banks in a sentence

• Any such resignation from the respective Escrow Collection Bank, the Public Offer Account Bank, the Refund Bank or the Sponsor Banks shall not terminate this Agreement vis-à-vis Escrow Collection Bank, the Public Offer Account Bank, the Refund Bank or the Sponsor Bank, who have not resigned, as applicable.

• The physical mandates are obtained by Corporates/ Sponsor Banks and sent to NPCI through Mandate Management System (MMS).

• The specimen signatures of the Company, the Managers and the Registrar to the Offer for the purpose of instructions to the Escrow Collection Bank, Public Offer Account Bank, the Refund Bank and the Sponsor Banks, as the case may be, as provided in Schedule X, will be provided to the Bankers to the Offer before the Bid/ Offer Opening Date.

• On the strength of the mandates, the future debits are raised by Sponsor Banks.

More Definitions of Sponsor Banks

Sponsor Banks has the meaning attributed to such term in the Offer Documents.

Sponsor Banks means ICICI Bank Limited and HDFC Bank Limited, being Bankers to the Offer, appointed by the Company to act as a conduit between the Stock Exchanges and NPCI in order to push the mandate collect requests and/ or payment instructions of the UPI Bidders and carry out other responsibilities, in terms of the UPI Circulars;

Sponsor Banks means the bankers to the Offer, who are appointed by the Company to act as a conduit between the Stock Exchanges and NPCI in order to push the mandate collect requests and/or payment instructions of the UPI Bidders using the UPI Mechanism and carry out any other responsibilities in terms of the SEBI UPI Circulars.

Sponsor Banks means Axis Bank Limited, HDFC Bank Limited and Kotak Mahindra Bank Limited, being Sponsor Banks to the Issue, registered with SEBI, appointed by the Company primarily to act as a conduit between the Stock Exchanges and NPCI in order to push the mandate collect requests and / or payment instructions of the RIBs using the UPI Mechanism, in terms of the UPI Circulars;

Sponsor Banks or “Sponsor Bank” shall have the meaning ascribed to such term in the Preamble;

Sponsor Banks has the meaning ascribed to such term in the Offer Documents. “STT” means securities transaction tax.

Sponsor Banks shall have the meaning ascribed to such term in the recitals of this Agreement.