Exclusion of material price movements allowed to adjust VWAP and lower price-range calculations under LODR framework. The amendment permits exclusion of the effect on equity share price due to material price movement or confirmation of reported events as per the LODR exclusion framework when determining the volume weighted average market price for buy-back calculations and when computing the lower end of the price range for buy-back offers.
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Provisions expressly mentioned in the judgment/order text.
Exclusion of material price movements allowed to adjust VWAP and lower price-range calculations under LODR framework.
The amendment permits exclusion of the effect on equity share price due to material price movement or confirmation of reported events as per the LODR exclusion framework when determining the volume weighted average market price for buy-back calculations and when computing the lower end of the price range for buy-back offers.
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