GENERAL OBLIGATIONS OF ISSUER AND INTERMEDIARIES WITH RESPECT TO PUBLIC ISSUE AND RIGHTS ISSUE - Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009
GENERAL OBLIGATIONS OF ISSUER AND INTERMEDIARIES WITH RESPECT TO PUBLIC ISSUE AND RIGHTS ISSUE - Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009
Differential pricing: retail investors and employees may receive lower offer prices subject to a capped discount and disclosure requirements. Regulation 29 permits differential pricing in public issues: retail and reserved applicants may receive a lower offer price up to a capped discount; ... Summary
Differential pricing: retail investors and employees may receive lower offer prices subject to a capped discount and disclosure requirements.
Regulation 29 permits differential pricing in public issues: retail and reserved applicants may receive a lower offer price up to a capped discount; anchor investors in book-built issues cannot receive a lower price than other applicants; composite issues must disclose and justify any public-versus-rights price difference; and under alternate book building employees may be offered securities below the floor price subject to a capped discount.
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