Minimum allottees requirement limits allottee concentration and treats related qualified institutional buyers as a single allottee. Minimum number of allottees for placements requires a minimum count of distinct allottees based on issue size, prohibits any single allottee from ... Summary
Minimum allottees requirement limits allottee concentration and treats related qualified institutional buyers as a single allottee.
Minimum number of allottees for placements requires a minimum count of distinct allottees based on issue size, prohibits any single allottee from receiving more than fifty percent of the issue, and deems qualified institutional buyers linked by control, common ownership or common directorship to be a single allottee for computing that minimum.
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