To boost fund raising from markets, SEBI today notified new norms, which will provide all listed companies a 'fast-track' route for share sales.
As per the new norms, firms in which public shareholders own stocks worth Rs 1,000 crore will now be able to access this route through a follow-on public offer (FPO).
Currently, the minimum requirement is Rs 3,000 crore.
The minimum public holding requirement for a rights offer is Rs 250 crore.
The minimum public holding requirement for a rights offer is Rs 250 crore.
The listed companies can tap the 'fast-track' route even without complying to this minimum average market value limit, provided they meet other conditions.
Under the 'fast-track' route, a listed company would not be required to file any draft offer document for its FPO or rights issue and they can proceed with fund-raising programme without necessarily getting 'observations' from SEBI.
CSGAURAV +919990694230
[email protected]
https://gauravsharmaassociates.wordpress.com
https://femaindiaservices.wordpress.com https://www.facebook.com/gauravdelhiravpage
Subscribe to CS GAURAV SHARMA by Email
