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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Buying share from Private placement.

Buying share from Private placement.

4 posters

Go down  Message [Page 1 of 1]

1Buying share from Private placement. Empty Buying share from Private placement. Sun Jun 26, 2011 11:18 am

CHASE

CHASE
Manager - Equity Analytics
Manager - Equity Analytics

Is there any secured way to apply for share by private placement as a group? coz minimum subscription will be a big amount & cant afford alone.

if we can apply then we can get good quantity at a good price.

2Buying share from Private placement. Empty Re: Buying share from Private placement. Sun Jun 26, 2011 11:44 am

CSE Today

CSE Today
Manager - Equity Analytics
Manager - Equity Analytics

CHASE wrote:Is there any secured way to apply for share by private placement as a group? coz minimum subscription will be a big amount & cant afford alone.

if we can apply then we can get good quantity at a good price.

First incorporate a company & open a CDS account, then ask your Investment adviser to introduce your company to PP issues....BUT keep in mind, after 1st April 2011..all recipients of PPs have to hold for a minimum of 12 months before divesting on secondary market..!

3Buying share from Private placement. Empty Re: Buying share from Private placement. Sun Jun 26, 2011 11:46 am

mark

mark
Expert
Expert

CSE Today wrote:
CHASE wrote:Is there any secured way to apply for share by private placement as a group? coz minimum subscription will be a big amount & cant afford alone.

if we can apply then we can get good quantity at a good price.

First incorporate a company & open a CDS account, then ask your Investment adviser to introduce your company to PP issues....BUT keep in mind, after 1st April 2011..all recipients of PPs have to hold for a minimum of 12 months before divesting on secondary market..!

agree CSE,so now no use of applying as a private investor,but apply if you want to be a long lasting shareholder.... cyclops

4Buying share from Private placement. Empty Re: Buying share from Private placement. Sun Jun 26, 2011 1:19 pm

cse.alpha


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

CSE Today wrote:

BUT keep in mind,[/b] after 1st April 2011..all recipients of PPs have to hold for a minimum of 12 months before divesting on secondary market..!

12 month lock in rule only applies for new issue of shares I think, like in the case of Access Engineering. It does not apply to sell down of existing shares by promoters, like in the case of Textured Jersey.

With private placements, the Board of the private company has total discretion as to whom to invite to apply for shares, and even regarding who to accept etc. Board of Directors can turn down anybody, without reason, as they are private company.

5Buying share from Private placement. Empty Re: Buying share from Private placement. Sun Jun 26, 2011 2:52 pm

CHASE

CHASE
Manager - Equity Analytics
Manager - Equity Analytics

Thanks Guys.

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