Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 Part V MINIMUM OFFER TO PUBLIC, RESERVATIONS, ETC.
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Safety-net arrangement allows issuer to offer repurchase of specified securities from retail allottees under disclosed terms within a time limit. An issuer may implement a safety-net arrangement for specified securities in a public issue in consultation with the merchant banker after ascertaining ... Summary
Referred In :
Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
Safety-net arrangement allows issuer to offer repurchase of specified securities from retail allottees under disclosed terms within a time limit.
An issuer may implement a safety-net arrangement for specified securities in a public issue in consultation with the merchant banker after ascertaining the financial capacity of the person offering the arrangement, subject to disclosures in Part A of Schedule VIII; the arrangement must offer to purchase specified securities from original resident retail individual allottees at the issue price within six months from despatch or credit.
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