It's the first quota to be granted to the US under the so-called Renminbi Qualified Institutional Investor
program, and the largest one given to a single jurisdiction after Hong Kong.
The relaxation in overseas investment norms for individual investors is aimed at making the qualified institutional investor
( QFI) schemes more attractive to potential investors and enhance flow of foreign capital into India, the finance ministry said.
In addition, at any time after a person or group acquires 15% or more, or in the case of a qualified institutional investor
, 20% or more, of the company's outstanding common stock (unless such person or group acquires 50% or more), or commences a tender offer for 15% or more of the company's common stock, J Alexander's' board may exchange one share of the company's common stock for each outstanding right (other than rights owned by such person or group, which would have become void).
This bond issue will be directed to Swedish and international qualified institutional investors
Summary: Qualified institutional investors
pick up 50% meant for them but retail subscription flounders at just 4%
275bn through sale of shares to qualified institutional investors
The transaction was conducted via a public offering in Poland directed to Polish retail and institutional investors, and by a global offering addressed to institutional investors in other jurisdictions outside the US in accordance with Regulation S of the United States Securities Act of 1933, as amended, as well as in the US to qualified institutional investors
under Rule 144A of the Securities Act.
The delegation, which included a number of employees of the Saudi Stock Exchange under its Chief Executive Officer Adel Al-Ghamdi, Capital Market Authority and representatives of the major exporters in the Kingdom, sought to promote awareness and shed light on the Saudi market before investors at the international level, in addition to the participation in bilateral meetings and talks with regional officials and leaders in the private sector, and qualified institutional investors
looking to enter the Saudi market.
Marathon Capital said it will be seeking additional cash equity from qualified institutional investors
to invest alongside Tenor Capital's investors.
The shares would be offered to public investors through a book building process wherein 50 per cent of the net issue would be allotted on a proportionate basis to qualified institutional investors
while the company may allocate up to 60 per cent of the QIB portion to anchor Investors on a discretionary basis.
Offers will be made to investors in (i) an Egyptian public offering (15 per cent of the Offering, equivalent to 90 million shares), as well as (ii) through a private placement to qualified institutional investors
in a number of countries, including Egypt (85 per cent of the Offering, equivalent to 510 million shares) (the "Institutional Offering").