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of <h1>SEBI Eases Rules for Further Public Offers Amid COVID-19, Lowers Public Shareholding Requirement to Rs. 500 Crore Until March 2021.</h1> The Securities and Exchange Board of India (SEBI) has issued temporary relaxations from certain provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, specifically for Further Public Offers (FPOs) in light of the Covid-19 pandemic. These relaxations adjust eligibility conditions, such as reducing the minimum public shareholding requirement from one thousand crore to five hundred crore and modifying requirements regarding show-cause notices and audit qualifications. These changes apply to FPOs opening on or before March 31, 2021, but do not apply to the issuance of warrants. The circular is effective immediately and must be communicated by stock exchanges to relevant entities.
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