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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>SEBI mandates equity share reservations for convertible debt holders in rights issues; employee reservations omitted.</h1> The Securities and Exchange Board of India (SEBI) regulations require issuers to reserve equity shares in a rights issue for holders of outstanding compulsorily convertible debt instruments, proportional to the convertible portion. These reserved shares must be issued to holders at the time of conversion on the same terms as the rights issue. The issuer is not required to credit rights entitlements for offering such rights. Previous provisions allowing reservations for employees with specific conditions have been omitted.