Common use of Exception to Investment Restrictions Clause in Contracts

Exception to Investment Restrictions. In the event the weightages of shares exceed the limits laid down in Offering Document or the Regulations as a result of the relative movement in the market prices of Investments or through any disinvestments, the Management Company shall bring the exposure within the prescribed limits within three months of the event. However, this restriction shall not apply to any offer of right and bonus shares.

Exception to Investment Restrictions. 4.10.1 In the event the weightages of shares exceed the limits laid down in the Offering Document or the Regulations NBFC Rules as a result of the relative movement in the market prices of Investments the investments or through any disinvestmentsdisinvestment, the Management Company shall bring the exposure within the prescribed limits within three months of the event. However, this restriction on further investment shall not apply to any offer of right shares and bonus shares.