Regulator revises Schedule XIII anchor investor rules: allocations, minimum ₹5 crore, reservation and reallocation, effective 30 days

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....The regulator amends capital-raising rules to revise anchor investor allocation in Schedule XIII: for issues up to Rs.250 crore, 2-15 anchor investors are permitted with a minimum allotment of Rs.5 crore each; for amounts above Rs.250 crore, at least 5 and up to 15 anchors apply to the first Rs.250 crore, plus an additional 15 anchors for each further Rs.250 crore or part thereof, each with a Rs.5 crore minimum. Forty percent of the anchor portion is reserved (33.33% for domestic mutual funds; 6.67% for life insurers and pension funds), with any under-subscription in the latter reallocated to domestic mutual funds; definitions provided. Effective 30 days after Gazette publication.....