Minimum promoters’ contribution

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..... nty per cent. of the post-issue capital; b) in case of a composite issue (i.e. further public offer cum rights issue), either to the extent of twenty per cent. of the proposed issue size or to the extent of twenty per cent. of the post-issue capital excluding the rights issue component. (2) In case of a public issue or composite issue of convertible securities, the minimum promoters contribution s .....

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..... g pre-determined), such contribution shall not be at a price lower than the weighted average price of the equity share capital arising out of conversion of such securities. (3) In case of a further public offer or composite issue where the promoters contribute more than the stipulated minimum promoters contribution, the allotment with respect to excess contribution shall be made at a price determi .....

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..... amount may be brought on a pro-rata basis before the calls are made to the public. 1 [ (5) The SR equity shares of promoters, if any, shall be eligible towards computation of minimum promoters contribution. ] Explanation: (I) For the purpose of this regulation, promoters contribution shall be computed on the basis of the post-issue expanded capital: (a) assuming full proposed conversion of conver .....

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