Allocation limits for FIIs adjusted: bidding and FCFS procedures set with entity caps and minimum bid requirements. Allocation of unutilized FII limits in Government debt long term and Corporate Debt - old is effected via a bidding process on the NSE with per-entity caps and specified minimum bid and tick sizes, and via a first come first serve (FCFS) allocation for remaining amounts opened through a dedicated email channel; FCFS requests have a maximum per-request limit and unutilised portions are subject to a non-utilisation charge equal to the average successful bid premium.
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Provisions expressly mentioned in the judgment/order text.
Allocation limits for FIIs adjusted: bidding and FCFS procedures set with entity caps and minimum bid requirements.
Allocation of unutilized FII limits in Government debt long term and Corporate Debt - old is effected via a bidding process on the NSE with per-entity caps and specified minimum bid and tick sizes, and via a first come first serve (FCFS) allocation for remaining amounts opened through a dedicated email channel; FCFS requests have a maximum per-request limit and unutilised portions are subject to a non-utilisation charge equal to the average successful bid premium.
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