Preferential Allotment Archives

S&R Associates advises IRB InvIT Fund on INR 20 billion institutional placement and INR 3.51 billion preferential allotment

S&R also advised on an INR 3.51 billion preferential allotment of units by the Trust to IRB Infrastructure Developers Limited, its sponsor.

SAM & Co. KIMS INR 600 Crore Warrant Allotment

Law Firms News News

SAM & Co. advises Krishna Institute of Medical Sciences on preferential allotment of warrants aggregating to approximately INR 600 Crore to certain members of its Promoter & Promoter Group

The SAM team was led by Taranjeet Singh, Partner, Kanwardeep Singh, Counsel, with support from Pundrikaksh Sharma, Senior Associate, and Vishal Jain, Associate

Case Briefs Supreme Court

Diversion of preferential allotment funds, contrary to disclosed object, constitutes violation of PFUTP Regulations: Supreme Court

Emphasizing investor protection and market transparency, the Supreme Court ruled that the unlawful diversion of preferential issue proceeds could not be legitimized through subsequent shareholder ratification.