VWAP Price of last 60 days shall not apply in the case of disinvestment of a PSU
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- Last Updated on 11 November, 2022
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Notification No. SEBI/LAD-NRO/GN/2022/98, Dated 09.11.2022
Regulation 8(2)(d) of SEBI (SAST) Regulations, 2011 provides for the VWAP of such shares for a period of 60 trading days immediately preceding the date of the public announcement. Now, SEBI notified amendment is SEBI (SAST) Regulations, 2011. Now, in regulation 8(2)(d), the price shall not apply in the case of disinvestment of a PSU by the Central Govt. or State Govt. Further, this proviso shall apply only in case of a change in control in the public sector undertaking. Also, various other amendments have been notified.
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