Key Points
Mumbai, Mar 15 (PTI) Regulator Sebi on Friday approved a slew of measures to further improve the ease of doing business for market participants, including providing relaxations to Foreign Portfolio Investors (FPIs) and entities looking to raise funds through initial share sale...
Among others, the watchdog has decided to do away with the requirement of one per cent security deposit in public/rights issue of equity shares and also provide flexibility in extending the offer closing date due to force majeure events, Sebi said in a release...
In parallel, Sebi shall continue to do further stakeholder consultation, including with the users of the Beta version, the release said.. Further, the regulator will review the progress at the end of three months and six months from the date of this implementation, and decide on further course of action...
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