Thursday, March 15, 2012

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.

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