Trading Window Restrictions Under PIT Norms Shall Not Apply for Subscription to Non-Convertible Securities | SEBI
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Circular No. SEBI/HO/ISD/ISD-PoD-2/P/CIR/2024/180, Dated: 30.12.2024
SEBI has clarified that trading window restrictions under PIT Regulations shall not apply to the subscription in the issuance of non-convertible securities, provided the transactions comply with the norms specified by SEBI. Earlier, the exemption applied to certain transactions such as acquisition by subscribing to rights issues, preferential allotment or tendering of shares in buy-back offers, open offers, delisting offers, Offers for Sale and Rights Entitlements Transactions, etc.
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