APPOINTMENT OF LEAD MANAGERS, OTHER INTERMEDIARIES AND COMPLIANCE OFFICER.Securities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018
APPOINTMENT OF LEAD MANAGERS, OTHER INTERMEDIARIES AND COMPLIANCE OFFICER.Securities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018
Qualified institutions placement rules restrict bid withdrawal and prescribe allotment limits and related-party exclusions for securities and warrants subscription options. Regulation 179 sets allotment rules for qualified institutions placements: bids are final after issue closure; at least ten per cent of eligible ... Summary
Qualified institutions placement rules restrict bid withdrawal and prescribe allotment limits and related-party exclusions for securities and warrants subscription options.
Regulation 179 sets allotment rules for qualified institutions placements: bids are final after issue closure; at least ten per cent of eligible securities must be allotted to mutual funds with any unsubscribed portion reallocated to other QIBs; no allotment to QIBs who are promoters or promoter-related persons, except lenders without shareholding; promoter-related status arises from shareholders' or voting agreement rights, veto rights, or the right to appoint a nominee director. For non-convertible debt with warrants, investors may subscribe to the combined offering or to individual securities.
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