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<h1>Regulation 76: SEBI Pricing Rules for Preferential Issues of Frequently Traded Equity Shares Explained</h1> Regulation 76 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, outlines the pricing mechanism for preferential issues of frequently traded equity shares. If shares have been listed for at least 26 weeks, they must be priced at the higher of the average volume-weighted prices over 26 weeks or two weeks preceding the relevant date. For shares listed less than 26 weeks, pricing considers the initial public offer price, the average price since listing, or the two-week average. Prices must be recomputed after 26 weeks, and any shortfall paid by allottees. Preferential issues to up to five qualified institutional buyers must be priced based on the two-week average.