Retail investor option to bid at buy-back price; promoters barred from book-building participation in buy-back offers. Regulation 22D grants retail investors the option to bid at the buy-back price and defines retail investors as holders whose holdings do not exceed two lakh rupees in value based on the closing price on the identified date; promoters and their associates are prohibited from participating in buy-backs through book building.
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.
Retail investor option to bid at buy-back price; promoters barred from book-building participation in buy-back offers.
Regulation 22D grants retail investors the option to bid at the buy-back price and defines retail investors as holders whose holdings do not exceed two lakh rupees in value based on the closing price on the identified date; promoters and their associates are prohibited from participating in buy-backs through book building.
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