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<h1>SEBI Extends Validity of Observations and Allows 50% Issue Size Adjustment Due to COVID-19 Impact.</h1> The Securities and Exchange Board of India (SEBI) has issued a circular granting one-time relaxations due to the COVID-19 pandemic. The validity of SEBI Observations, which expired or will expire between March 1, 2020, and September 30, 2020, is extended by six months, contingent on compliance with specific regulations. Additionally, issuers can adjust the fresh issue size by up to 50% without submitting a new draft offer document, provided there is no change in the issue's objectives and compliance with regulations is ensured. These relaxations apply to issues opening before December 31, 2020. The circular is effective immediately.