SEBI rationalises norms to speed up rights issues
To make fundraising through rights issues faster and cost effective, the Securities and Exchange Board of India (SEBI) on Wednesday rationalised norms and the eligibility criteria and regulations for such issues.
SEBI has also increased the threshold, from Rs 10 crore to Rs 50 crore, for filing requirement of rights issue draft letter of offer with the Board for its observations. Photo: Reuters