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ARTICLE · 31 JANUARY 2020

Securities Exchange Board Of India (SEBI) Streamlines Rights Issue Process

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In order to make the process efficient and effective, the Securities Exchange Board of India has simplified the right issue process by amending the SEBI (Issue of Capital and Disclosure ...

IndiaFinance and Banking
Sumes Dewan
Sumes Dewan

In order to make the process efficient and effective, the Securities Exchange Board of India has simplified the right issue process by amending the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 ("ICDR Regulations") and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("LODR Regulations"), vide notification no. SEBI/HO/CFD/DIL2/CIR/P/2020/13 dated January 22, 2020.

  • The period for advance notice to stock exchange(s) has been reduced from at least 7 working days to at least 3 working days, for the purpose of rights issue.
  • Issuance of newspaper advertisement disclosing date of completion of dispatch and intimation of same to the stock exchanges for dissemination on their websites shall be completed by the issuer at least 2 days before the date of opening of the issue.

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