Price band policy: waive first-day bands for corporate reorganisations and specified restructuring, retain bands in other cases. SEBI removes the requirement for a price band on the first trading day where trading follows mergers, de mergers, amalgamations, capital reductions, schemes of arrangement under the Companies Act or court sanction, rehabilitation packages under the Sick Industrial Companies framework, and Corporate Debt Restructuring packages; price bands remain applicable in other cases. Stock exchanges must implement the policy immediately and report compliance in their Monthly Development Report.
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.
Price band policy: waive first-day bands for corporate reorganisations and specified restructuring, retain bands in other cases.
SEBI removes the requirement for a price band on the first trading day where trading follows mergers, de mergers, amalgamations, capital reductions, schemes of arrangement under the Companies Act or court sanction, rehabilitation packages under the Sick Industrial Companies framework, and Corporate Debt Restructuring packages; price bands remain applicable in other cases. Stock exchanges must implement the policy immediately and report compliance in their Monthly Development Report.
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