SEBI ON PREFERENTIAL ALLOTMENT RULES
The Securities and Exchange Board of India (SEBI) shot down a proposal by phrama firm
Strides acrolab to issue warrants worth Rs 260 crores on a preferential basis to its promoters.
The regulator, in an informal guidance to the company, said the rules governing preferential
allotments would be applicable for inter–se transfers within the promoter group.
Strides acrolab to issue warrants worth Rs 260 crores on a preferential basis to its promoters.
The regulator, in an informal guidance to the company, said the rules governing preferential
allotments would be applicable for inter–se transfers within the promoter group.
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