Companies Act amendment likely to trigger easier rights issue norms

Vodafone Idea and Bharti Airtel both raised Rs 25,000 crore through a rights issue earlier this year

Proposed amendments to the Companies Act are said to reportedly facilitate easier norms for fund raising through the use of rights issues. The development comes even as the use of this route has led to record amounts being raised this financial year. 

The Securities and Exchange Board of India (Sebi) is reportedly looking to take up the matter for discussion in a board meeting on Wednesday. The total amount raised through the route is Rs 52,002 crore. 

This is the highest since at least 1990-91, shows data from primary market tracker Prime Database. The previous high was in FY08. Companies had raised