https://www.taxtmi.com/acts?id=33680 The regulation authorises a green shoe option for post listing price stabilisation where the issuer obtains shareholder authorisation, appoints a lead manager as stabilising agent, and enters pre issue agreements detailing terms and borrowing of specified securities. Over allotment up to fifteen percent may be determined by the lead manager with the stabilising agent and must be disclosed. The stabilising agent directs market purchases within a thirty day stabilisation period, operates special bank and depository accounts, returns bought securities to lenders, and, if purchases are insufficient, causes the issuer to allot securities at issue price to cover shortfalls. en-us Fri, 21 Dec 2018 14:47:03 +0530 Mon, 12 Aug 2024 13:24:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=33680 The regulation authorises a green shoe option for post listing price stabilisation where the issuer obtains shareholder authorisation, appoints a lead manager as stabilising agent, and enters pre issue agreements detailing terms and borrowing of specified securities. Over allotment up to fifteen percent may be determined by the lead manager with the stabilising agent and must be disclosed. The stabilising agent directs market purchases within a thirty day stabilisation period, operates special bank and depository accounts, returns bought securities to lenders, and, if purchases are insufficient, causes the issuer to allot securities at issue price to cover shortfalls. Act-Rules SEBI Fri, 21 Dec 2018 14:47:03 +0530 https://www.taxtmi.com/acts?id=33680