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of <h1>SEBI Eases Rights Issue Rules: Lowers Subscription Requirement and Changes Eligibility for Fast Track Issues Until March 2021.</h1> In response to the Covid-19 pandemic, SEBI introduced temporary relaxations to the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, specifically for Rights Issues. Changes include adjustments to eligibility conditions for fast track rights issues, reducing certain timeframes from three years to eighteen months, and altering financial thresholds. The minimum subscription requirement is reduced to 75% of the offer, and the threshold for not filing a draft letter of offer with SEBI is increased to twenty-five crores. These relaxations apply to Rights Issues opening before March 31, 2021, and exclude warrant issuances. The circular is effective immediately.
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