preferential issue

SEBI has vide its notification dated 1st July, 2020 carried out an amendment to the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 as follows:

In the case of preferential issue of shares, due to the ongoing covid, pricing could be average of the weekly high and low volume weighted average price of the related equity shares quoted on a recognised stock exchange during 12 weeks/ 2 weeks preceding the relevant date, whichever is higher.

Copy of SEBI circular is given below

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