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
Conditions for issue of IDRs: prescribed minimums, proportionate institutional allocation and reserved retail and employee allocations. An issue of Indian Depository Receipts must satisfy conditions including a prescribed minimum issue size, disclosure in the prospectus of application ... Summary
Conditions for issue of IDRs: prescribed minimums, proportionate institutional allocation and reserved retail and employee allocations.
An issue of Indian Depository Receipts must satisfy conditions including a prescribed minimum issue size, disclosure in the prospectus of application procedures and minimum application amount, proportionate allotment of a majority portion to qualified institutional buyers, allocation of the balance among non institutional, retail and employee categories with a reserved retail share and proportionate allotments within categories, and a defined scope of "employee".
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