Infrastructure sector exemption: regulatory relaxations for government-linked issuers in IPO pricing, contribution, and lock in rules. SEBI amended the DIP Guidelines to exempt government companies, statutory authorities/corporations and their special purpose vehicles engaged in an enumerated 'infrastructure sector' from specified pricing restrictions, certain promoters' contribution requirements and minimum pre-issue holding rules, and to exclude such issuers from particular invitation/subscription clauses, adopting a detailed Explanation that defines infrastructure by categories of facilities/services and a residual Board opinion clause; the exemptions apply to draft offer documents receiving SEBI observations on or after the circular date.
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.
Infrastructure sector exemption: regulatory relaxations for government-linked issuers in IPO pricing, contribution, and lock in rules.
SEBI amended the DIP Guidelines to exempt government companies, statutory authorities/corporations and their special purpose vehicles engaged in an enumerated "infrastructure sector" from specified pricing restrictions, certain promoters' contribution requirements and minimum pre-issue holding rules, and to exclude such issuers from particular invitation/subscription clauses, adopting a detailed Explanation that defines infrastructure by categories of facilities/services and a residual Board opinion clause; the exemptions apply to draft offer documents receiving SEBI observations on or after the circular date.
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