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Sebi cuts timeline for completion of rights issue to 23 days
Mint Bangalore
|March 12, 2025
Markets regulator Securities and Exchange Board of India (Sebi) on Tuesday reduced the processing time for a rights issue of equity shares to 23 days in a bid to make it a preferred route of fundraising.
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Separately, the regulator has provided flexibility of allotment to specific investors in the rights issue and discontinued the current requirement of filing draft offer with it for issuance of its observation, instead it will be
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