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Sebi rationalises eligibility criteria, disclosure norms for rights issue

Sebi has decided to amend ICDR (Issue of Capital and Disclosure Requirements) Regulations to this effect, the regulator said in a statement.

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2 min read Last Updated : Sep 23 2020 | 9:49 PM IST

To make fund-raising easier, faster and cost effective, markets regulator Sebi on Wednesday rationalised the eligibility criteria and disclosure requirements for rights issue.

Sebi has decided to amend ICDR (Issue of Capital and Disclosure Requirements) Regulations to this effect, the regulator said in a statement.

The move is aimed at making fund-raising through this route, easier, faster and cost effective, it added.

Under the amendments, the regulator saidthe issuer will be eligible to make truncated disclosures (Part B), where it has been filing periodic reports, statements, information in compliance with Listing Regulations, for last one year insteadof last three years

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