A listed NBFC has been granted licence to run as small finance bank by the Reserve Bank of India under recently announced policy to improve the financial inclusion of the country. During the last three years, the attriti

To The Board of Directors Sub: Pricing of the Sweat Equity Shares As the Board of the Directors has decided to allot sweat equity shares to employees, the following are the provisions relating to pricing of sweat equity shares: According to the regulation 7 of the SEBI (Issue of Sweat Equity) Regulations, 2002, the price of sweat equity shares shall not be less than the higher of the following: the average of the weekly high and low of the closing prices of the related equity shares during last six months preceding the relevant date; or the average of the weekly high and low of the closing prices of the related equity shares during the two weeks preceding the relevant date. If the shares are listed on more than one stock exchange, but quoted only on one stock exchange on given date, then the price on the stock exchange shall be considered. If the share price is quoted on more than one stock exchange, then the stock exchange where there is highest trading volume during that date shall be considered. If the shares are not quoted on the given date, then the share price on the next trading day shall be considered.