Regulatory Alerts2025-03-11
Faster Rights Issue with a flexibility of allotment to specific investor(s)
The Securities and Exchange Board of India (SEBI) has introduced a new framework requiring Rights Issues to be completed within 23 working days from the Board of Directors' approval. The circular mandates that Stock Exchanges and Depositories develop an automated system for validating application bids and finalizing allotment bases within six months. These provisions, effective April 7, 2025, also include revised timelines for various process stages and consequential modifications to the Master Circular on SEBI ICDR Regulations.
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