https://www.taxtmi.com/acts?id=33414 Issuers may attach one or more warrants to a specified security in an initial public offer subject to an eighteen month tenure limit; the exercise price or its formula must be determined upfront and disclosed, and at least twenty-five percent of the consideration based on the exercise price (or on the cap price where a formula is used) must be received upfront; consideration for warrants not exercised within three months of payment shall be forfeited by the issuer. en-us Fri, 21 Dec 2018 11:32:26 +0530 Fri, 09 Aug 2024 13:15:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=33414 Issuers may attach one or more warrants to a specified security in an initial public offer subject to an eighteen month tenure limit; the exercise price or its formula must be determined upfront and disclosed, and at least twenty-five percent of the consideration based on the exercise price (or on the cap price where a formula is used) must be received upfront; consideration for warrants not exercised within three months of payment shall be forfeited by the issuer. Act-Rules SEBI Fri, 21 Dec 2018 11:32:26 +0530 https://www.taxtmi.com/acts?id=33414