https://www.scconline.com/blog/post/2019/04/29/sebi-issuance-of-the-equity-shares-by-the-company-for-the-various-plans-policies-scheme-and-share-debentures-to-more-than-50-members-is-public-equity-share/
SEBI | Issuance of equity shares by the Company for various plans/policies/scheme and share/debentures to more than 50 members is public equity share