preferential issue

SEBI has vide its notification dated 1st July, 2020 carried out an amendment to the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 as follows:

In the case of preferential issue of shares, due to the ongoing covid, pricing could be average of the weekly high and low volume weighted average price of the related equity shares quoted on a recognised stock exchange during 12 weeks/ 2 weeks preceding the relevant date, whichever is higher.

Copy of SEBI circular is given below

https://www.sebi.gov.in/legal/regulations/jul-2020/securities-and-exchange-board-of-india-issue-of-capital-and-disclosure-requirements-third-amendment-regulations-2020_46991.html

Leave a comment

Filed under securities laws

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s