Sebi cuts timeline for completion of rights issue to 23 days
Sebi has reduced the processing time for rights issues to 23 days, aiming to make it a preferred fundraising route. The regulator has provided flexibility in allotments to specific investors and mandated automated validation systems. Obliging the monitoring agency for proceeds supervision, Sebi introduces these measures to facilitate faster rights issues.
Sebi has reduced the processing time for rights issues to 23 days, aiming to make it a preferred fundraising route. The regulator has provided flexibility in allotments to specific investors and mandated automated validation systems. Obliging the monitoring agency for proceeds supervision, Sebi introduces these measures to facilitate faster rights issues.
