Pricing of the Issue Homework Help

Pricing of the Issue

The issue of shares on a preferential basis can he made at a price not less the higher of the following: (i) The average of this weekly high and low of the dosing prices related shares quoted on the stock exchange (i.e any of the recognized stock exchanges on the shares are listed and in which the highest trading volume in respect of the shares of the any has been recorded during the six months prior to the relevant date) during the six preceding the relevant date (i.e the date 30 days prior to the date on which the meeting of body of shareholders is held, in terms of Section 81(A) of the Companies Act, 1956, to consider the proposed issue). (ii) The average of the weekly high and low of the closing prices of the related shares quoted on a stock exchange during the two weeks preceding the relevant date.

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