SEBI Amends Equity Listing Agreement: New Notification Rule for Public Offers via Fixed Price Route.
The Securities and Exchange Board of India (SEBI) issued a circular amending the equity listing agreement. The amendment incorporates provisions from the now-rescinded SEBI (Disclosure and Investor Protection) Guidelines, 2000, into the agreement. Specifically, a new sub-clause requires companies making a further public offer through the fixed price route to notify the stock exchange at least 48 hours before the Board of Directors' meeting to determine the issue price. This amendment aims to protect investor interests and regulate the securities market, as per the powers granted under the SEBI Act, 1992.
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