Securities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018 Part II ISSUE OF CONVERTIBLE DEBT INSTRUMENTS AND WARRANTS
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Convertible debt public offers permitted without prior equity listing, subject to ineligibility for issuers in default on public debt payments. Regulation 231 allows an issuer to launch an initial public offer of convertible debt instruments without a prior public issue or listing of its equity, but bars issuers who have been in default on interest or principal payments on debt instruments issued to the public for a period exceeding six months from eligibility.
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.
Convertible debt public offers permitted without prior equity listing, subject to ineligibility for issuers in default on public debt payments.
Regulation 231 allows an issuer to launch an initial public offer of convertible debt instruments without a prior public issue or listing of its equity, but bars issuers who have been in default on interest or principal payments on debt instruments issued to the public for a period exceeding six months from eligibility.
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