https://www.taxtmi.com/acts?id=35958 Green Shoe Option permits an issuer to use over-allotment and promoter share-borrowing to stabilize post-listing price. The issuer must authorize potential further allotment and appoint a stabilizing agent under a formal agreement. Borrowing from promoters or pre-issue shareholders may not exceed fifteen percent of the issue; all arrangements must be disclosed in prospectuses. Stabilization lasts no more than thirty days; the SA uses segregated GSO Bank and Demat Accounts to buy shares, must return market-purchased shares to promoters promptly, and where purchases fall short the issuer must allot additional dematerialized shares to the GSO Demat Account. The SA must report daily to exchanges, file a final report with the regulator, maintain a transaction register and retain records for three years. en-us Wed, 06 Feb 2019 11:07:06 +0530 Wed, 06 Feb 2019 11:15:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=35958 Green Shoe Option permits an issuer to use over-allotment and promoter share-borrowing to stabilize post-listing price. The issuer must authorize potential further allotment and appoint a stabilizing agent under a formal agreement. Borrowing from promoters or pre-issue shareholders may not exceed fifteen percent of the issue; all arrangements must be disclosed in prospectuses. Stabilization lasts no more than thirty days; the SA uses segregated GSO Bank and Demat Accounts to buy shares, must return market-purchased shares to promoters promptly, and where purchases fall short the issuer must allot additional dematerialized shares to the GSO Demat Account. The SA must report daily to exchanges, file a final report with the regulator, maintain a transaction register and retain records for three years. Act-Rules SEBI Wed, 06 Feb 2019 11:07:06 +0530 https://www.taxtmi.com/acts?id=35958