NPA crisis: Sebi plans to relax norms for purchase of distressed assets

The markets regulator will bring an easy pricing formula for open offer to public shareholders

Capital market regulator Securities and Exchange Board of India (Sebi) is again extending a helping hand to the government and the Reserve Bank of India (RBI) in their fight against bad loans.

According to reports, Sebi is planning to ease the acquisition rules to allow investors to buy distressed assets from banks.

Sebi is set to come up with an easy pricing formula for an open offer to public shareholders and lock-in requirements for acquirers of distressed companies, according to an Economic Times report. At present, such relaxations are given only to banks.

This is not the first time that