Regulation 91B - Definitions
Effective from 30.01.2012
For the purpose of this Chapter:
(a) “eligible securities” shall mean equity shares of same class listed and traded in the stock exchange(s);
(b) “eligible seller” include listed issuer, promoter/promoter group of listed issuer;
(c) “institutional placement programme” means a further public offer of eligible securities by an eligible seller, in which the offer, allocation and allotment of such securities is made only to qualified institutional buyers in terms of this Chapter.
Inserted vide SEBI (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2012, w.e.f. 30.01.2012. To view the notification,Click Here
SEBI (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2012, w.e.f. 30.01.2012