Examples of Equity Shares in a sentence
In the event this Agreement is terminated before the commencement of trading of the Equity Shares on the Stock Exchanges, the Parties agree that Company shall withdraw the Red Xxxxxxx Prospectus and/or the Prospectus, as the case may be, from the SEBI as soon as practicable after such termination.
It is clarified that all the payments shall be made first by the Company on behalf of such Promoter Selling Shareholder and each of the Promoter Selling Shareholders agrees, severally and not jointly, upon successful completion of the Offer, that it shall reimburse the Company, on a pro-rata basis, in proportion to its respective portion of the Equity Shares they have offered and sold in the Offer.
On or prior to the expiry of 60 (sixty) months from the Closing Date or such other extended time period as agreed to mutually between the Founders and the Investors (“IPO Due Date”), the Company and the Founders shall cause the Company to undertake an IPO, on best efforts basis, and list the Equity Shares of the Company, on a recognised stock exchange as may be mutually acceptable to the Investors.
For avoidance of doubt, this Agreement is not intended to constitute, and should not be construed as, an agreement or commitment, directly or indirectly, among the Parties with respect to the subscription, purchase or underwriting of any Equity Shares.
The Offer includes a reservation of Equity Shares aggregating up to ₹125 million for subscription by Eligible Employees (defined below).