The Securities and Exchange Board of India (SEBI) issued an important circular that addresses the issue of subscription to the issuance of Non-Convertible Securities (NCS) during the trading window closure period. This circular has implications for listed companies, stock exchanges, depositories, and investors involved in transactions during such a period of time.
It has been decided that in addition to the transactions mentioned in Clause 4(3)(b) of Schedule B read with sub-regulation (1) of Regulation 9 of PIT Regulations and SEBI Circular no. SEBI/HO/ISD/ISD/CIR/P/2020/133 dated July 23, 2020, the trading window restrictions shall also not apply to subscription to the issue of non- convertible securities, carried out in accordance with the framework specified by the Board from time to time.
Link – https://www.sebi.gov.in/legal/circulars/dec-2024/allowing-subscription-to-the-issue-of-non-convertible-securities-during-trading-window-closure-period_90338.html
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