Conditions for qualified institutions placement

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..... l resolution approving the qualified institutions placement has been passed by its shareholders; (b) the equity shares of the same class, which are proposed to be allotted through qualified institutions placement or pursuant to conversion or exchange of eligible securities offered through qualified institutions placement, have been listed on a recognised stock exchange having nationwide trading .....

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..... alified institutions placement and the relevant date referred to in sub-clause (ii) of clause (c) of regulation 81 shall also be specified. Explanation: For the purpose of clause (b), equity shares of the same class shall have the same meaning as assigned to them in Explanation to sub-rule (4) of rule 19 of the Securities Contracts (Regulation) Rules, 1957. ********** 1 Omitted b .....

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