A booster dose for retail participation
safety net provision will trigger since relative fall of 21 per cent (21 per cent-0 per cent) is more than 20 per cent trigger level.
Case-2: Assume listing price for share is Rs 100 and market index on listing date is 1000. After 3 months, volume-weighted average market price of the shares is Rs 79 (drop of 21 per cent) and the market index is 900 (drop of 10 per cent). The Safety Net provision will not trigger since relative fall of 11 per cent (21 per cent-10 per cent) is less than 20 per cent trigger level.
Case-3: Assume listing price for share is Rs. 100 and market index on listing date is 1000. After 3 months, volume-weighted average market price of the shares is Rs. 69 (drop of 31 per cent) and the market index is 900 (drop of 10 per cent). The safety net provision will trigger since relative fall of 21 per cent (31 per cent-10 per cent) is more than 20 per cent trigger level.
Case-4: Assume listing price for share is Rs 100 and market index on listing date is 1,000. After 3 months, volume-weighted average market price of the shares is Rs 89 (drop of 11 per cent) and the market index is 1100 (increase of 10 per cent). The safety net provision will not trigger even if relative fall of 21 per cent (11 per cent-(-10 per cent) is more than 20 per cent trigger level since the absolute drop in share price is
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