RESTRICTION ON TRANSFERABILITY (LOCK-IN) OF PROMOTERS’ CONTRIBUTION, ETC. - Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009
RESTRICTION ON TRANSFERABILITY (LOCK-IN) OF PROMOTERS’ CONTRIBUTION, ETC. - Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009
Regulation 45 - Price stabilisation through green shoe option.
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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Price stabilisation through green shoe option enables temporary post-listing support with prescribed authorisation and safeguards. Price stabilisation via the green shoe option allows an issuer to support post-listing prices using an authorised stabilising agent and a capped ... Summary
Referred In :
Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
Price stabilisation through green shoe option enables temporary post-listing support with prescribed authorisation and safeguards.
Price stabilisation via the green shoe option allows an issuer to support post-listing prices using an authorised stabilising agent and a capped over-allotment. The regime requires shareholder authorisation, pre-filing agreements with the stabilising agent and lenders, determination of over-allotment by the lead manager in consultation with the stabilising agent, disclosure in offer documents, a separate special bank and depository account, a maximum thirty-day stabilisation period, daily and final reporting, and return or allotment procedures to cover any shortfall.
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