https://www.taxtmi.com/acts?id=33565 Preferential allotments of frequently traded equity must meet a VWAP-based floor price: for sufficiently long-listed shares the floor is the higher of two VWAP averages over longer and shorter look-back windows; for shorter-listed shares the floor is the highest of the IPO/scheme price, average VWAP since listing, or the two-week VWAP average. Prices recomputed after the post-listing period can create a pay-in obligation if higher than the allotment price; Articles of Association may prescribe a higher floor that prevails. en-us Fri, 21 Dec 2018 13:16:04 +0530 Sat, 10 Aug 2024 12:02:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=33565 Preferential allotments of frequently traded equity must meet a VWAP-based floor price: for sufficiently long-listed shares the floor is the higher of two VWAP averages over longer and shorter look-back windows; for shorter-listed shares the floor is the highest of the IPO/scheme price, average VWAP since listing, or the two-week VWAP average. Prices recomputed after the post-listing period can create a pay-in obligation if higher than the allotment price; Articles of Association may prescribe a higher floor that prevails. Act-Rules SEBI Fri, 21 Dec 2018 13:16:04 +0530 https://www.taxtmi.com/acts?id=33565