Listing and trading of warrants issued as part of a Qualified Institutions Placement (QIP) being a combined issuance of Non-convertible Debentures with Warrants
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Listing and trading of warrants in QIP combined NCD warrant issues require specific listing relaxation and a set minimum contract value. Permits combined issuance of Non-Convertible Debentures with warrants through QIP and allows NCDs and warrants to be listed and traded separately; NCDs do not require additional Rule 19(2)(b) relaxation due to relief under the debt listing regulations, whereas warrants require specific relaxation for listing and trading; the minimum contract value for trading NCDs and warrants is fixed and the amendments are effective immediately.
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.
Listing and trading of warrants in QIP combined NCD warrant issues require specific listing relaxation and a set minimum contract value.
Permits combined issuance of Non-Convertible Debentures with warrants through QIP and allows NCDs and warrants to be listed and traded separately; NCDs do not require additional Rule 19(2)(b) relaxation due to relief under the debt listing regulations, whereas warrants require specific relaxation for listing and trading; the minimum contract value for trading NCDs and warrants is fixed and the amendments are effective immediately.
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