Sebi clarifies on anchor investor, preferential issue norms

Says higher allocation would be applicable to companies who filed their offer documents on or after the change was notified

The Securities and Exchange Board of India (Sebi) clarified on Thursday on regulations governing higher allocations to anchor investors and the pricing of preferential issues. It said that higher allocation would be applicable to companies who filed their offer documents on or after the change was notified.

Preferential issues changes would be applicable to companies who sent a notice for shareholder meeting to decide on the preferential issue on or after August 25. Sebi had decided on the changed in June.