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Sebi proposes easing fund raising norms for cash-starved companies

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Mumbai: Markets regulator Securities and Exchange Board of India (Sebi) on Wednesday proposed easing norms for stressed listed companies that seek fund infusion.

Sebi's discussion paper sought comments on whether entities investing in these stressed companies can be exempted from making an open offer.

The regulator is also considering relaxing norms for pricing of preferential issues. Many listed companies are currently facing unprecedented crisis amid lack of revenue due to the lockdown called to curb the spread of covid-19.

Share prices of many of these debt heavy companies have taken a severe beating in these times. Post the lifting of the lockdown, companies would need fund infusion from investors to tide over the situation and avoid

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