LIST/COMP/8/2020-21 April 24, 2020
Dear Sir/ Madam
Subject: Relaxations from certain provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 in respect of Rights Issue.
In view of the impact of the COVID-19 pandemic, based on representations from various industry bodies, SEBI issued Circular No. SEBI/HO/CFD/CIR/CFD/DIL/67/2020 dated April 21, 2020 and has decided has decided to grant the following relaxations:
1. Relaxations with respect to the eligibility conditions related to Fast Track Rights Issues
2. Relaxation with respect to Minimum Subscription
3. Relaxation with respect to the minimum threshold required for not filing draft letter of offer with SEBI
These temporary relaxations are applicable for Right Issues that open on or before March 31, 2021 and are not applicable for issuance of warrants.
This circular shall come into force with immediate effect.
The aforesaid circular is appended for reference
Listed Companies are requested to take note and comply accordingly.
Abhijit Pai Shyam Bhagirath
Deputy General Manager Associate Manager
Listing Compliance Listing Compliance
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