Author
Partner in the General Corporate Practice at the Mumbai office of Cyril Amarchand Mangaldas.
The SEBI has approved providing listed companies with a time-bound temporary option of undertaking preferential allotments at possibly more investment-friendly pricing, by choosing to utilise the higher of the two weeks or the 12 weeks formula price, instead of the existing norm of higher of the two weeks or the 26 weeks formula price.
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