Price and price band

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..... issue) and determine the price at a later date before registering the prospectus with the Registrar of Companies: Provided that the prospectus registered with the Registrar of Companies shall contain only one price or the specific coupon rate, as the case may be. (2) 1[* * *] The issuer shall announce the floor price or price band at least 2[five working days] before the opening of the bid (in .....

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..... exchanges.] (4) The cap on the price band shall be less than or equal to one hundred and twenty per cent. of the floor price. (5) The floor price or the final price shall not be less than the face value of the specified securities. Explanation: For the purposes of sub-regulation (4), the "cap on the price band" includes cap on the coupon rate in case of convertible debt instruments. ******* .....

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