Qualified Institutional Buyers expansion permits additional investors to participate in book-built public issues under revised disclosure and lock-in rules. Qualified Institutional Buyers are expanded to include SEBI-registered Foreign Venture Capital Investors and State Industrial Development Corporations, permitting their participation in book-built issues. Pre-issue shares held by Venture Capital Funds and registered Foreign Venture Capital Investors are exempt from the general lock-in, subject to SEBI venture capital regulations. Post-issue monitoring reports have specified three-day and final-report deadlines. Public offer thresholds are adjusted to permit net offers of at least 10% or 25% as applicable, and a formal procedure allows certain unlisted transferee companies to seek listing without an initial public offer following court-sanctioned schemes, with prescribed conditions, lock-in treatments, listing timelines and advertisement content. Research report circulation is restricted to offer-document information only.
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.
Qualified Institutional Buyers expansion permits additional investors to participate in book-built public issues under revised disclosure and lock-in rules.
Qualified Institutional Buyers are expanded to include SEBI-registered Foreign Venture Capital Investors and State Industrial Development Corporations, permitting their participation in book-built issues. Pre-issue shares held by Venture Capital Funds and registered Foreign Venture Capital Investors are exempt from the general lock-in, subject to SEBI venture capital regulations. Post-issue monitoring reports have specified three-day and final-report deadlines. Public offer thresholds are adjusted to permit net offers of at least 10% or 25% as applicable, and a formal procedure allows certain unlisted transferee companies to seek listing without an initial public offer following court-sanctioned schemes, with prescribed conditions, lock-in treatments, listing timelines and advertisement content. Research report circulation is restricted to offer-document information only.
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