Promoter contribution

Sir in listed company composite issue there is limit of 20% proposed public issue or 20% of post issue capital .... Please explain this point ... I m your gdpd student and thanku sir for amazing wonderful lecture ....

A Composite Issue is an issue of shares or Convertible Securities on Public-cum-Right basis, wherein the allotment in both Public Issue and Rights Issue is proposed to be made simultaneously. So, in this issue, promoters contribution should be 20% proposed public issue(i.e excluding right issue) or 20% of post issue capital.

Answer given by Shubhamm Sir at 04-Dec-2023 12:04 PM