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    <title>Allotment, refund and payment of interest</title>
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    <description>Issuers and lead managers must ensure specified securities are allotted and application monies refunded or unblocked within the Board specified period, with allotment, dematerialised credit and refunds/unblocking effected electronically. If allotment or refund/unblocking is not completed within the stipulated period, the issuer must pay interest to investors and the lead manager(s) must ensure payment within the time disclosed in the offer document.</description>
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