https://www.taxtmi.com/acts?id=35966 Qualified Institutions Placement permits listed issuers to issue specified securities to QIBs only, subject to listing history and public shareholding compliance; promoters and related persons are excluded. Issues must meet a pricing floor based on the average weekly high low closing prices over the two weeks preceding the relevant date; convertible securities shall be fully paid at allotment and convertible within sixty months. Placements require a serially numbered placement document with prescribed disclosures, merchant banker due diligence and filing obligations, limits on number of allottees and aggregate placements, and a one year transfer restriction except on recognised exchanges. en-us Wed, 06 Feb 2019 17:43:11 +0530 Wed, 06 Feb 2019 17:43:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=35966 Qualified Institutions Placement permits listed issuers to issue specified securities to QIBs only, subject to listing history and public shareholding compliance; promoters and related persons are excluded. Issues must meet a pricing floor based on the average weekly high low closing prices over the two weeks preceding the relevant date; convertible securities shall be fully paid at allotment and convertible within sixty months. Placements require a serially numbered placement document with prescribed disclosures, merchant banker due diligence and filing obligations, limits on number of allottees and aggregate placements, and a one year transfer restriction except on recognised exchanges. Act-Rules SEBI Wed, 06 Feb 2019 17:43:11 +0530 https://www.taxtmi.com/acts?id=35966