.............The price of these partly paid equity shares have to be determined upfront. The investors will have to bring in 25 per cent of the total consideration amount upfront, including the share premium. The balance amount towards fully paid equity shares has to be received within 12 months, said RBI. RBI said the condition to bring the balance money within 12 months could be relaxed where the equity issue size was above Rs 500 crore and the issuer (listed company) complies with norms pertaining to the monitoring agency........
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