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.