ISSUE OF CONVERTIBLE DEBT INSTRUMENTS AND WARRANTSSecurities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018
ISSUE OF CONVERTIBLE DEBT INSTRUMENTS AND WARRANTSSecurities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018
Preferential issue pricing: VWAP-based minimum price for frequently traded shares, with three-year lock-in and specified applicability window. Optional pricing allows choice of regulation 164 or this regulation for frequently traded shares; the price must be at least the higher of the twelve-week ... Summary
Preferential issue pricing: VWAP-based minimum price for frequently traded shares, with three-year lock-in and specified applicability window.
Optional pricing allows choice of regulation 164 or this regulation for frequently traded shares; the price must be at least the higher of the twelve-week or two-week weekly high-low VWAP averages up to the relevant date. Securities allotted under this method are locked in for three years. The method applied to allotments during the specified July-December 2020 implementation window, and all allotments under the same shareholder approval must follow the same pricing method.
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