https://www.taxtmi.com/acts?id=35957 An unlisted issuer may publicly issue and list convertible debt instruments without prior equity listing only if it obtains a credit rating, secures a specified minimum promoter equity contribution relative to project cost and issue size, agrees to continuing disclosures equivalent to equity listing, obtains prior convertible-holder consent mechanisms for material changes, and ensures no partly paid securities at prescribed filing stages; pricing may use a capped price band and book building, while lead merchant bankers must ensure capital structure presentation, minimum application rules, fully paid timing, firm allotment/ reservation limits and monitoring arrangements for large issues. en-us Tue, 05 Feb 2019 13:57:41 +0530 Tue, 05 Feb 2019 13:57:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=35957 An unlisted issuer may publicly issue and list convertible debt instruments without prior equity listing only if it obtains a credit rating, secures a specified minimum promoter equity contribution relative to project cost and issue size, agrees to continuing disclosures equivalent to equity listing, obtains prior convertible-holder consent mechanisms for material changes, and ensures no partly paid securities at prescribed filing stages; pricing may use a capped price band and book building, while lead merchant bankers must ensure capital structure presentation, minimum application rules, fully paid timing, firm allotment/ reservation limits and monitoring arrangements for large issues. Act-Rules SEBI Tue, 05 Feb 2019 13:57:41 +0530 https://www.taxtmi.com/acts?id=35957