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of <h1>Regulation 66 requires post-issue advertisement on oversubscription details within 10 days; restricts promotional ads during subscription.</h1> Regulation 66 under the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 mandates that the post-issue merchant banker must release an advertisement within ten days detailing oversubscription, allotment basis, and other relevant information in widely circulated English, Hindi, and regional newspapers. Additionally, it prohibits the issuer and associated entities from publishing advertisements about the issue's oversubscription or investor response while the public issue remains open for subscription.
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