9911796707
TMI BlogUnderwritingX X X X Extracts X X X X X X X X Extracts X X X X ..... the underwriters in accordance with Securities and Exchange Board of India (Underwriters) Regulations, 1993. (2) Where the issuer makes a public issue through the book building process, such issue shall be underwritten by book runners or syndicate members: 1 [Provided that atleast 2 [seventy five per cent] of the net offer to the public proposed to be compulsorily allotted to qualified ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ) In case of every underwritten issue, the lead merchant banker or the lead book runner shall undertake minimum underwriting obligations as specified in the Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992. (8) Where hundred per cent. of the offer through offer document is underwritten, the underwriting obligations shall be for the entire hundred per cent. of the offe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ion (2) of regulation 26 and regulation 27 cannot be underwritten. 2 Substituted for fifty per cent by SEBI (Issue of Capital and Disclosure Requirements) (Fourth Amendment) Regulations, 2012, w.e.f. 12.10.2012. 3 Sub-regulation (6) omitted by SEBI (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2012, w.e.f. 30.01.2012. Prior to its omission, sub-regulation (6) rea ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
