Securities And Exchange Board Of India - Subsection
Section 287(2) in The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018
(2)[The allotment to institutional investors as well as non-institutional investors shall be on a proportionate basis.] [Substituted by Notification No. SEBI/LAD-NRO/GN/2019/08, dated 5.4.2019 (w.e.f. 11.9.2018).](a)seventy-five per cent to institutional investors:Provided that there shall be no separate allocation for anchor investors;(b)twenty-five per cent to non-institutional investors[***] [Omitted '(3), (4) and (5)' by Notification No. SEBI/LAD-NRO/GN/2019/08, dated 5.4.2019 (w.e.f. 11.9.2018).]
