If the company wants to raise the fund via private placement, who can be a party to private placement ?
CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · June 2019
If the company wants to raise the fund via private placement, who can be a party to private placement ?
Answer & Explanation:
In case of private placement, the placement shall be with banks; or with multilateral and bilateral financial institutions or foreign collaborators or foreign equity holder having a minimum holding of 5% of the paid-up equity capital of the issuing company. Private placement with unorganized source is prohibited.
Topics: SEBI (ICDR) Regulations, 2018
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