Introducing the βIn Favour Ofβ filter in Case Laws.
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Introducing the βIn Favour Ofβ filter in Case Laws.
Try it now in Case Laws β


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<h1>SEBI Circular: Differential Pricing Adjustments for Securities Allowing Discounts at Application; Compliance Required for RHPs Post-June 15, 2011.</h1> The circular issued by SEBI addresses the adjustment of differential pricing for specified securities, allowing eligible investors to pay a discounted price at the time of application rather than at allotment. Merchant bankers must ensure clear disclosures in offer documents regarding discount eligibility and payment adjustments. Stock exchanges and other intermediaries are instructed to update their systems to accommodate these changes, ensuring proper handling of discounted bids. The circular mandates compliance from all involved parties and applies to Red Herring Prospectuses filed on or after June 15, 2011. It is issued under the authority of SEBI's regulatory framework.