Sebi asks issuers to disclose QIP details

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Issuers of public offerings will have to disclose on the stock exchanges the details of allotments made to qualified institutional buyers. In a letter to the stock exchanges, the Securities and Exchange Board of India (Sebi) has asked for disclosure of details of the allottees in the Qualified Institutional Placements (QIP) made by the issuer company.

"It has been decided that the details of allottees and the corresponding pre and post QIP issue shareholding in the issuer company may be disclosed on the website of the stock  exchanges," Sebi has said.

"All the stock Exchanges are advised to ensure that the details of those allottes in QIP who have been allotted more than 5 per cent of the securities offered in the QIP, viz names of the allottees and number of securities allotted to each of them, pre and post issue shareholding pattern of the issuer shall be made available on the website of stock exchanges along with the final placement document," Sebi stated.