COMMON CONDITIONS FOR PUBLIC ISSUES AND RIGHTS ISSUES - Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009
COMMON CONDITIONS FOR PUBLIC ISSUES AND RIGHTS ISSUES - Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009
Conditions for issue of IDRs: prescribed minimums, proportionate institutional allocation and reserved retail and employee allocations. An issue of Indian Depository Receipts must satisfy conditions including a prescribed minimum issue size, disclosure in the prospectus of application ... Summary
Conditions for issue of IDRs: prescribed minimums, proportionate institutional allocation and reserved retail and employee allocations.
An issue of Indian Depository Receipts must satisfy conditions including a prescribed minimum issue size, disclosure in the prospectus of application procedures and minimum application amount, proportionate allotment of a majority portion to qualified institutional buyers, allocation of the balance among non institutional, retail and employee categories with a reserved retail share and proportionate allotments within categories, and a defined scope of "employee".
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.