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A listed company just completed a buyback due to which the public shareholding stands at 25% and the promoters hold the rest

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A listed company just completed a buyback due to which the public shareholding stands at 25% and the promoters hold the rest. The promoters now announce a preferential allotment to themselves increasing their stake to 91%. The following is (are) the implications:

(a) The proposed allotment is in violation of SEBI Regulations

(b) The company has to be de-listed after the allotment

(c) The promoters have to make an open offer

(d) The company has to make a de-listing offer

(e) The promoters have to make a simultaneous de-listing offer

 

Q122;Which of the following classify(ies) as a Preferential Issue (PIPE) under SEBI Regulations?

(a) An unlisted company seeks creditors’ consent to offer shares at a premium in its forthcoming IPO.

(b) A listed company seeks shareholders’ consent to raise equity from select categories of unidentified investors.

(c) A listed company seeks shareholders’ consent to raise equity from two large private equity funds.

(d) An unlisted company seeks shareholders’ consent to raise equity from select categories of identified investors.

(e) A listed company seeks shareholders’ consent to raise equity from select categories of institutional

investors.

3. Which of the following classify(ies) as a Private Placement of Securities?

(a) An unlisted company seeks creditors’ consent to offer shares at a premium in its forthcoming IPO.

(b) A listed company seeks shareholders’ consent to raise equity from select categories of unidentified investors.

(c) A listed company seeks shareholders’ consent to raise equity from two large private equity funds.

(d) An unlisted company seeks shareholders’ consent to raise equity from select categories of identified investors.

(e) A listed company seeks shareholders’ consent to raise equity from select categories of institutional investors.