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TMI BlogMinimum promoters’ contributionX X X X Extracts X X X X X X X X Extracts X X X X ..... ue shareholding of the promoters is less than twenty per cent., alternative investment funds or foreign venture capital investors or scheduled commercial banks or public financial institutions or insurance companies registered with Insurance Regulatory and Development Authority of India 2 [ or any non-individual public shareholder holding at least five per cent. of the post-issue capital or any en ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rsuant to conversion is not pre-determined and not disclosed in the offer document, the promoters shall contribute only by way of subscription to the convertible securities being issued in the public issue and shall undertake in writing to subscribe to the equity shares pursuant to conversion of such securities. b) in case of any issue of convertible securities which are convertible or exchangeabl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to total equity participation till the respective stage vis- -vis the debt raised or proposed to be raised through the public issue. (3) The promoters shall satisfy the requirements of this regulation at least one day prior to the date of opening of the issue. (4) In case the promoters have to subscribe to equity shares or convertible securities towards minimum promoters contribution, the amount ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... bution shall be computed on the basis of the post-issue expanded capital: (a) assuming full proposed conversion of convertible securities into equity shares; (b) assuming exercise of all vested options, where any employee stock options are outstanding at the time of initial public offer in terms of proviso (a) to sub-regulation (2) of regulation 5 . (II) For computation of weighted average price : ..... X X X X Extracts X X X X X X X X Extracts X X X X
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