SEBI Further Relaxes Rights Issue Norms

Published On: 09/05/2020

Authors:

Abhiroop Lahiri
Priyadarshini Rao
With lockdown 3.0 being implemented, the Securities and Exchange Board of India (SEBI) has through a circular dated May 06, 2020, granted temporary relaxations from certain procedural requirements related to rights issues and public issues under the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. This is in addition to the earlier dispensations granted by the SEBI from certain crucial regulatory compliances applicable to public offerings and rights issues in India. INDUSLAW’s Abhiroop Lahiri, Priyadarshini Rao, and Radhika Pandey analyze the key allowances granted through the circular.