India city Mumbai covid-19 pandemic guidelines rights India city Mumbai

Sebi relaxes fund raising norms for IPOs, rights issues

Reading now: 604
www.livemint.com

MUMBAI : Markets regulator Securities and Exchange Board of India (Sebi), on Tuesday said that it has granted a one-time relaxation in its primary market fund-raising norms based on representations made by various industry bodies to make it easier for companies to tap the public markets for raising capital at a time when businesses have been severely impacted by the covid-19 pandemic.

For initial public offering (IPO) and rights issue, which are primary market instruments used by companies to either go public or raise funds from existing shareholders, Sebi has allowed a six-month extension for the expiry of its approval.

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA