Simultaneous cross-market offerings: ADR/GDRs priced at or above domestic issue exempt from certain domestic pricing requirements, subject to SEBI approval. Insertion of 5(4)(cc) exempts companies conducting a domestic equity offering together with a simultaneous or immediately following ADR/GDR offering-where ADRs/GDRs are priced at or above the domestic issue price-from the specified domestic pricing requirements at (ca)(i) and (ii); such issuers must obtain SEBI approval, which will determine the percentages to be offered domestically and in the ADR/GDR market.
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.
Simultaneous cross-market offerings: ADR/GDRs priced at or above domestic issue exempt from certain domestic pricing requirements, subject to SEBI approval.
Insertion of 5(4)(cc) exempts companies conducting a domestic equity offering together with a simultaneous or immediately following ADR/GDR offering-where ADRs/GDRs are priced at or above the domestic issue price-from the specified domestic pricing requirements at (ca)(i) and (ii); such issuers must obtain SEBI approval, which will determine the percentages to be offered domestically and in the ADR/GDR market.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
