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
Regulation 106L - Utilisation of funds raised in rights issue
Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 Chapter XA RIGHTS ISSUE OF INDIAN DEPOSITORY RECEIPTS
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Utilisation of funds in rights issues restricted until completion of allotment for Indian Depository Receipts. Regulation 106L requires that funds raised through a rights offering of Indian Depository Receipts (IDRs) may be utilised by the issuer only after the ... Summary
Utilisation of funds in rights issues restricted until completion of allotment for Indian Depository Receipts.
Regulation 106L requires that funds raised through a rights offering of Indian Depository Receipts (IDRs) may be utilised by the issuer only after the allotment process is complete, imposing a mandatory post-allotment restriction on application of subscription proceeds.
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