The Supreme Court had stayed the Securities Appellate Tribunal (SAT) order on August 2, which had upheld a penalty of Rs 1 crore
The company had filed preliminary papers with Sebi on August 3, to raise funds through an initial public offering (IPO)
The IPO comprises fresh issuance of equity shares worth Rs 250 crore and an offer-for-sale of 21,900,100 equity shares by selling shareholders
The proposed listing of AWL will comprise an IPO in the form of fresh issue of new equity shares by AWL for an amount of up to Rs 4,500 cr
Additional penalty 3% will be levied in the event of default on delivery obligations takes place three times or more during six months
Sebi has amended the regulations governing alternative investment funds (AIFs) to simplify and rationalise compliance requirements
The FPO is being launched to meet the Sebi norm of minimum public shareholding of 25% in a listed entity
The enhanced overall limit will be applicable for 10 years from the date of the company's incorporation
The regulator has also reduced the minimum lock-in of pre-IPO securities held by persons other than promoters to six months from the date of allotment
If implemented seamlessly the proposal of the T+1 settlement cycle will be a boon for investors, brokers and all those involved in the stock market