Issuance of NCDs with warrants: QIBs may subscribe combined or separately; listing of warrants requires rule relaxation. Amendments permit issuance of Non Convertible Debentures with warrants under Qualified Institutions Placement: QIBs may subscribe to the combined offering or to either instrument where separate books are run. A company must obtain a listing rule relaxation for listing/trading of the warrants. The change is effected by inserting a clause allowing subscription to combined or individual instruments and by amending the Chapter's opening text to include NCDs with warrants; the amendments took immediate effect and require merchant banker compliance.
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.
Issuance of NCDs with warrants: QIBs may subscribe combined or separately; listing of warrants requires rule relaxation.
Amendments permit issuance of Non Convertible Debentures with warrants under Qualified Institutions Placement: QIBs may subscribe to the combined offering or to either instrument where separate books are run. A company must obtain a listing rule relaxation for listing/trading of the warrants. The change is effected by inserting a clause allowing subscription to combined or individual instruments and by amending the Chapter's opening text to include NCDs with warrants; the amendments took immediate effect and require merchant banker compliance.
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