The Securities and Exchange Board of India has recently introduced a series of amendments to the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, many of which pertain to the intricacies of executing a rights issue in India. These revisions are designed to streamline the regulatory process and reduce the overall timelines for doing a rights issue.
In the attached alert, we conduct a comprehensive analysis of these amendments, exploring their potential implications on various aspects of the rights issue framework, including on the elimination of role of BRLMs, uniform timelines for all rights issues, rationalized disclosures for all rights issues etc.
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