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Pricing of Issues

A listed company can freely price equity shares/convertible securities through a public/rights issue. An unlisted company eligible to make a public issue and desirous of getting its securities listed on a recognized stock exchange can also freely price shares and convertible securities. The free pricing of equity shares by an infrastructure company is subject to the compliance with disclosure norms as specified by the SEBI from time to time. While freely pricing their initial public issue of shares/convertibles, all banks require approval by the Reserve Bank of India (RBI).

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