https://www.taxtmi.com/acts?id=35950 Issuers may freely price equity and convertible securities for public or rights issues subject to conditions: listed and eligible unlisted companies may freely price; banks require external approval; infrastructure companies must follow SEBI disclosure norms. Differential pricing is permitted-firm allotments can be at higher prices and retail investors may receive up to a ten percent discount versus other public categories-with justification in the offer document. Price bands up to twenty percent are allowed; the board can finalise price within the band by resolution and the final offer document must contain a single price. Payments akin to discounts to firm-allottees are prohibited and share denomination rules apply. en-us Mon, 04 Feb 2019 10:34:58 +0530 Mon, 04 Feb 2019 17:22:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=35950 Issuers may freely price equity and convertible securities for public or rights issues subject to conditions: listed and eligible unlisted companies may freely price; banks require external approval; infrastructure companies must follow SEBI disclosure norms. Differential pricing is permitted-firm allotments can be at higher prices and retail investors may receive up to a ten percent discount versus other public categories-with justification in the offer document. Price bands up to twenty percent are allowed; the board can finalise price within the band by resolution and the final offer document must contain a single price. Payments akin to discounts to firm-allottees are prohibited and share denomination rules apply. Act-Rules SEBI Mon, 04 Feb 2019 10:34:58 +0530 https://www.taxtmi.com/acts?id=35950