Qualified Institution Placement

Regulation 172 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations 2018 allows a listed issuer to make a qualified institutional placement if it satisfies certain conditions enumerated in the clauses (1), (2) & (3) thereof. One of the conditions in clause (3) specifies that a subsequent qualified institutional placement can be done only after expiry of 6 months of the prior qualified institutional placement made pursuant to one or more special resolutions. That period of 6 months has been reduced to two weeks vide an amendment notification dated 16th June, 2020 which has been notified by SEBI.

Copy of that notification can be found here

https://www.sebi.gov.in/legal/regulations/jun-2020/securities-and-exchange-board-of-india-issue-of-capital-and-disclosure-requirements-amendment-regulations-2020_46885.html

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