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Disclosure of details of the allottees in the Qualified Institutional Placements (QIP) made by issuer company


 Notice Date : 05 March 2010

Disclosure of details of the allottees in the Qualified Institutional Placements (QIP) made by issuer company

 

Sanjay Purao

Deputy General Manager

Corporation Finance Department

Division of Issues and Listing

Phone: +91 22 26449612 (D), Email: sanjayp@sebi.gov.in

 

SEBI/CFD/DIL/LA/1/2010/05/03

March 5, 2010

 

The Managing Director / Executive Director / Administrator of

All Stock Exchanges

 

Dear Sirs,

 

Sub: Disclosure of details of the allottees in the Qualified Institutional Placements (QIP) made by issuer company

 

1.0 It has been decided that the details of allottees and the corresponding pre and post QIP issue shareholding in the issuer company may be disclosed on the website of the stock exchanges. Accordingly, this circular is issued in exercise of powers conferred by sub-section (1) of Section 11 of the Securities and Exchange Board of India Act, 1992, to protect the interest of investors in securities and to promote the development of, and to regulate the securities market.

 

2.0 All the Stock Exchanges are advised to :

 

2.1 Ensure that the details of those allottes in QIP who have been allotted more than 5% of the securities offered in the QIP, viz names of the allottees and number of securities allotted to each of them, pre and post issue shareholding pattern of the issuer in the format specified in clause 35 of the Equity Listing Agreement shall be made available on the website of stock exchanges along with the final placement document.

 

2.2 communicate to SEBI the status of implementation of the requirements of this circular in the next Monthly Development Report.

 

3.0 Applicability

 

3.1 The aforesaid instruction shall come into force with immediate effect.

 

4.0 This circular is available on SEBI website at www.sebi.gov.in under the categories “Legal Framework” and “Issues and Listing”.

 

Yours faithfully,

 

Sanjay Purao

 

vidyasagar
on 05 March 2010
Published in Shares & Stock
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