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Sebi provides clarity on lock-in period for warrants

Updated : January 28, 2019 07:52 PM IST

The clarification has been given as part of an informal guidance sought by Jindal Steel & Power Ltd (JSPL) regarding the applicability of ICDR (Issue of Capital and Disclosure Requirements) with respect to such warrants.
JSPL had issued 4.8 crore warrants to Opelina Finance and Investment Ltd, one of the promoter group entity, on preferential basis in November 2017.
Sebi provides clarity on lock-in period for warrants

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