Rights Issue to NRI


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This discussion clarifies the requirements for rights issues to Non-Resident Indian (NRI) shareholders in unlisted Indian companies. It's confirmed that a valuation certificate is not mandatory. However, the issue price for NRI shareholders must be the same as that offered to resident shareholders.

04 November 2022 Please guide if there is a requirement of Valuation certificate in case of Rights Issue to the Non Resident Holder by an Indian company (unlisted company)?

05 November 2022 Valuation not required but but the rate should be equal to the resident Share holders

07 November 2022 Thanks for the guidance, sir


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