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Application Supported by Blocked Amount (ASBA) facility in public/ rights issue

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....nkers Dear Sir/Madam, Sub: Application Supported by Blocked Amount (ASBA) facility in public/ rights issue 1. This has reference to SEBI Circular No. CIR/CFD/DIL/12/2012 dated September 13, 2012, on the captioned subject. It has been reported that some Banks/Merchant Bankers are misinterpreting the aforesaid circular and the applications by banks have been made / accepted using an account....

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