Keeping in view the amendments to SEBI (Issue of Capital & Disclosure Requirement) Regulations, 2018 dated January 14, 2022, pertaining to preferential issues of specified securities.

Recently, with regard to pricing thereof, the stock exchanges have clarified that “The issuer shall consider VWAP for a period of 90/10 trading days by taking into consideration aggregate daily turnover in the scrip over the period of 90/10 trading days and dividing the same by the total number of shares traded during the said period.”

Issuer Companies to keep the above in mind, while planning their proposed preferential issues.

For more queries, please contact the undersigned.

Ms. Anjali Aggarwal

Partner & Head – Capital Market Services

+91 9971673336

anjali@indiacp.com