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Promoters Participation in Excess of Required Minimum

In a listed company, participation by promoters in excess of the required minimum percentage in public/composite issues would be subject to pricing of preferential allotment, if the issue price is lower than the price as determined on the basis of preferential allotment pricing, which is elaborated subsequently. Preferential allotment means an issue of capital in pursuance of a resolution passed under Section 81(1-A) of the Companies Act.

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