https://www.taxtmi.com/acts?id=35965 Preferential private placements by listed companies of equity, convertible debentures, warrants or similar instruments must follow prescribed pricing floors tied to market averages around a specified relevant date, with recomputation rules for recently listed companies; pricing for warrants and conversions follows the same method and relevant date must be specified. Convertible instruments have an eighteen-month maximum tenor. Issued instruments and resultant shares are subject to lock-in regimes-longer for promoters and one-year for other allottees-with transfer allowed subject to continuation of lock-in and takeover compliance. Allotment timing, auditors' certification, explanatory disclosures, valuation for non-cash consideration and balance-sheet disclosure of utilisation of proceeds are mandated. en-us Wed, 06 Feb 2019 17:31:59 +0530 Wed, 06 Feb 2019 17:31:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=35965 Preferential private placements by listed companies of equity, convertible debentures, warrants or similar instruments must follow prescribed pricing floors tied to market averages around a specified relevant date, with recomputation rules for recently listed companies; pricing for warrants and conversions follows the same method and relevant date must be specified. Convertible instruments have an eighteen-month maximum tenor. Issued instruments and resultant shares are subject to lock-in regimes-longer for promoters and one-year for other allottees-with transfer allowed subject to continuation of lock-in and takeover compliance. Allotment timing, auditors' certification, explanatory disclosures, valuation for non-cash consideration and balance-sheet disclosure of utilisation of proceeds are mandated. Act-Rules SEBI Wed, 06 Feb 2019 17:31:59 +0530 https://www.taxtmi.com/acts?id=35965