SEBI streamlines the rights issue process
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- Last Updated on 21 May, 2022
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Circular No. SEBI/HO/CFD/SSEP/CIR/P/2022/66, Dated: 19.05.2022
SEBI vide. Circular dated January 22, 2020, had stipulated procedures streamlining the Rights Issue process. Based on the market representation that there should be a minimum gap of 3 working days considering 2 days for settlement and 1 additional day for an investor to make an application, the SEBI has notified that trading in Right Entitlement shall commence on the date of opening of the issue and shall be closed at least 3 days prior to closure of rights issue. Earlier the timeline was of 4 days.
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