The Securities and Exchange Board of India (“SEBI”) has removed the requirement to deposit 1% of the issue size available for public subscription with the designated stock exchange to promote ease of doing business for issuer companies. This change amends Regulation 38(1) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“ICDR Regulations”), streamlining processes for companies raising capital in the public markets.
Please click on the hyperlink below to have a detailed read of the Circular.
Source: Securities and Exchange Board of India
