Preferential Allotment definition

Preferential Allotment shall have the meaning ascribed to it in Recital E;

Preferential Allotment means the proposed Preferential Allotment as approved by the board of directors of the Target Company at their Board Meeting held on Thursday, May 19, 2022 subject to approval of members and other regulatory approvals of 55,00,000 (Fifty Five Lakhs) Equity Shares to be allotted by the Target Company to the Acquirers of face value of ₹ 10/- each at a price of ₹ 15.50/- per Equity Share including a premium of ₹ 5.50/- per Equity Share.

Preferential Allotment. /“Pref Issue” shall mean issue and allotment of 48,70,606 Equity Shares of face value of `10 (Rupees Ten only) each at a price of `10 (Rupees Ten only) each representing 47.48% of the Emerging Voting Capital of the Target Company against swap of Shares of Krisani Bio Sciences Private Limited (“Krisani”) in the ratio of 83:100 i.e. Eighty Three Equity Shares of the Target Company against One hundred Equity Shares of Krisani.

Examples of Preferential Allotment in a sentence

• According to the information and explanations given to us, and on overall examination of Balance Sheet, the Company has not made any Preferential Allotment or private placement of Shares or fully or partly convertible debentures during the year and hence, reporting requirements under clause 3(xiv) are not applicable to the Company, and not commented upon.

• However, the percentage of shareholding and voting rights exercised by the shareholders of the Company will change in accordance with the change in the shareholding pattern pursuant to the Preferential Allotment.

• The Company has not raised any funds through Preferential Allotment or Qualified Institutions Placement (QIP) during the financial year and hence no disclosure is required with respect to Clause 10(h) of Para C of Schedule V of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

• Preferential Allotment of Shares: The Company did not allot any shares on preferential basis during the period under review.

• During the year under review, the Bank has not raised any funds through Preferential Allotment or Qualified Institutions Placement as specified under Regulation 32(7A) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

More Definitions of Preferential Allotment

Preferential Allotment means preferential allotment under Section 81(1A) of the Companies Act, 1956 and/or under Chapter VII of the ICDR Regulations;

Preferential Allotment or "Private placement" means an issue of capital made by an NBFC in pursuance of a resolution passed under sub-section (1A) of section 81 of the Companies Act, 1956.

Preferential Allotment. /“Preferential Issue” shall mean proposed issue and allotment of 20,00,000 Equity shares, the details of which are: (i) 17,00,000 equity shares to the Acquirer (ii) 2,00,000 equity shares to Amigos Molecular Solutions Private Limited and 1,00,000 equity share to Mrs. Rachamallu Aparna (“Deemed PACs”), having face value of ₹10 each at an issue price of ₹16 per equity share (including a share premium of ₹6 per equity share). The proposed preferential allotment has been approved by the Board of Directors of the Target Company in their meeting held on April 08, 2024 and is subject to receipt of shareholders’ and other requisite approvals, if any;

Preferential Allotment means conversion of 47,60,000 convertible warrants into equal number of equity shares of face value of Rs. 10/- (Rupees Ten Only) each at a price of Rs. 12.50/- (Rupees Twelve and Fifty Paisa Only) each.

Preferential Allotment or "Private placement" means 37non-public offering of NCDs by NBFCs to such number of select subscribers and such subscription amounts, as may be specified by the Reserve Bank from time to time.

Preferential Allotment means issue and allotment of upto 86,65,511 Equity Shares on preferential allotment basis to the Acquirer, in accordance with the provisions of Section 81(1A) of the Companies Act, 1956 read with Chapter VII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, approved by the shareholders of the Target Company by passing special resolution in the Annual General Meeting of the Target Company held on February 20, 2013.

Preferential Allotment means allotment of shares or any other instrument convertible into shares including hybrid instruments convertible into shares on preferential basis made pursuant to the provisions of sub-section(1A) of section 81 of the Companies Act, 1956.