Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 Chapter VIII-A INSTITUTIONAL PLACEMENT PROGRAMME
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Pricing rules require a floor price and disclosed allocation method, with stock exchange oversight before final allotment. Regulation 91F requires the eligible seller to announce a floor price or price band at least one day before opening an institutional placement programme; allocation/allotment may be made on a proportionate basis, price priority basis, or pursuant to criteria in the offer document, the chosen method must be disclosed, and the stock exchange must oversee allocation/allotment before final allotment.
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.
Pricing rules require a floor price and disclosed allocation method, with stock exchange oversight before final allotment.
Regulation 91F requires the eligible seller to announce a floor price or price band at least one day before opening an institutional placement programme; allocation/allotment may be made on a proportionate basis, price priority basis, or pursuant to criteria in the offer document, the chosen method must be disclosed, and the stock exchange must oversee allocation/allotment before final allotment.
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