Adjustment of differential pricing amount at the time of application for allotment of specified securities

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..... Sub.: Adjustment of differential pricing amount at the time of application for allotment of specified securities This refers to the provisions of Regulation 29 of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 which provide for offer of specified securities at different prices to certain investors. 2. It has been observed that presently, the effect of such differ .....

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..... or discount can make payment after adjusting the discount, if any. It shall be disclosed that such investors shall in the relevant column indicate the bid price before adjusting for discount, if any. Further, it shall be clearly disclosed under what circumstances application would be liable for rejection in case of errors, if any, in this regard. b. For the ease of calculation by investors elig .....

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..... (after adjusting for discount). f. SCSBs shall carry out the necessary system changes at their end, if any. 4. Merchant Bankers shall create awareness among the investors eligible for discount on account of differential pricing to make payment at price net of discount. 5. All concerned intermediaries are directed to comply with the instructions contained in this circular. 6. This cir .....

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