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| Exchange Disseminated Time | Sundaram Clayton Ltd has informed BSE that :
"SEBI has, vide its letter dated March 12, 2013, accorded its consent to the Company as follows :
The minimum number of allotees in the proposed IPP may be atleast two with no single allottee being allotted more than 50% of the offer size. Further, in such a scenario, the proposed IPP would be subject to the pricing provisions as applicable to qualified institutions placements ("QIPs").
It is further clarified by the Company that the said pricing provisions as applicable to QIPs would be applicable only in case the allottees in the proposed IPP is less than 10". |
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