Guidelines on issuance of non-convertible debt instruments along with warrants (‘NCDs with Warrants’) in terms of Chapter VI – Qualified Institutions Placement of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
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EBP platform requirement for NCDs portion ensures transparent price discovery for NCDs with Warrants under QIP Mandatory EBP platform use is required for the NCDs portion of combined offerings of NCDs with Warrants issued under Qualified Institutions Placement when the NCDs portion exceeds the applicable threshold; the warrants portion continues to fall under the Qualified Institutions Placement rules, a minimum share of the total issue must be allocated to warrants (including aggregate conversion price), and both stapled and segregated offers receive specified exemptions from certain ICDR provisions.
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.
EBP platform requirement for NCDs portion ensures transparent price discovery for NCDs with Warrants under QIP
Mandatory EBP platform use is required for the NCDs portion of combined offerings of NCDs with Warrants issued under Qualified Institutions Placement when the NCDs portion exceeds the applicable threshold; the warrants portion continues to fall under the Qualified Institutions Placement rules, a minimum share of the total issue must be allocated to warrants (including aggregate conversion price), and both stapled and segregated offers receive specified exemptions from certain ICDR provisions.
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