TaxTMI 
TaxTMI 
Pricing of equity shares - Frequently traded shares
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....od of ^2[twenty six weeks] or more as on the relevant date, the equity shares shall be allotted at a price not less than higher of the following: (a) The average of the weekly high and low of the ^3[volume weighted average price] of the related equity shares quoted on the recognised stock exchange during the ^4[twenty six weeks] preceding the relevant date; or (b) The average of the weekly h....
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....ices] of the related equity shares quoted on the recognised stock exchange during the period shares have been listed preceding the relevant date; or (c) the average of the weekly high and low of the ^8[volume weighted average prices] of the related equity shares quoted on a recognised stock exchange during the two weeks preceding the relevant date. (3) Where the price of the equity shares is....
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....a recognised stock exchange during the two weeks preceding the relevant date. Explanation: For the purpose of this regulation, 'stock exchange' means any of the recognised stock exchanges in which the equity shares are listed and in which the highest trading volume in respect of the equity shares of the issuer has been recorded during the preceding ^13[twenty six weeks] prior to the relevant da....
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...." by SEBI (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2012, w.e.f. 30.01.2012. 7 Substituted for "closing prices" by the SEBI (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2014, w.e.f. 25.08.2014. 8 Substituted for "closing prices" by the SEBI (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2014, w.e.....