Securities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018 Part II ISSUE OF CONVERTIBLE DEBT INSTRUMENTS AND WARRANTS
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Warrant issuance conditions: specified tenure limits, upfront consideration requirements, exercise-price formula rules, and forfeiture for non-exercise. Issuance of warrants in a further public offer is permitted only if warrants have a limited tenure from allotment, may be attached to specified ... Summary
Warrant issuance conditions: specified tenure limits, upfront consideration requirements, exercise-price formula rules, and forfeiture for non-exercise.
Issuance of warrants in a further public offer is permitted only if warrants have a limited tenure from allotment, may be attached to specified securities, and have an exercise price or formula fixed upfront with a portion of the consideration collected on issuance; where the exercise price is formula-based, the upfront amount is calculated with reference to the cap of the price band for linked equity or convertible securities. If a warrant holder does not exercise within the prescribed exercise window from payment, the issuer may forfeit the consideration.
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