Can a listed Company issue a equity shares under preferential basis to new shareholders as per SEBI ICDR regulations for issue price lesser than face value
Ram Kumar
(188 Points)
Replied 09 February 2016
The issue of shares on a preferential basis can be made at a price not less than the higher of the following:
i) The average of the weekly high and low of the closing prices of the related shares quoted on the stock exchange during the six months preceding the relevant date;
OR
ii) The average of the weekly high and low of the closing prices of the related shares quoted on a stock exchange during the two weeks preceding the relevant date.
This is what the pricing rules you need to be followed.