Preferential issue pricing adjustments: corporate events trigger price recalibration; exclusions permitted under LODR material movement framework. Regulation 166 requires that the price set for a preferential issue under the ICDR Regulations be adjusted for corporate actions that change share capital or composition - including capitalization of reserves, demerger-related issuances with listed resultant securities, rights issues, consolidations, stock splits, and reclassification of equity - and allows exclusion of price effects from material market movement or confirmed events under the Listing Obligation disclosure framework when determining the preferential issue price.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Preferential issue pricing adjustments: corporate events trigger price recalibration; exclusions permitted under LODR material movement framework.
Regulation 166 requires that the price set for a preferential issue under the ICDR Regulations be adjusted for corporate actions that change share capital or composition - including capitalization of reserves, demerger-related issuances with listed resultant securities, rights issues, consolidations, stock splits, and reclassification of equity - and allows exclusion of price effects from material market movement or confirmed events under the Listing Obligation disclosure framework when determining the preferential issue price.
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