ISSUE OF SPECIFIED SECURITIES BY SMALL AND MEDIUM ENTERPRISESSecurities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009
ISSUE OF SPECIFIED SECURITIES BY SMALL AND MEDIUM ENTERPRISESSecurities 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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