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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>SEBI Updates Rights Issue Process: Minimum Gap Reduced to 3 Working Days for Better Settlement and Application Time.</h1> The Securities and Exchange Board of India (SEBI) issued a circular on May 19, 2022, to streamline the rights issue process. It amends the previous requirement of a minimum four-day gap between the closure of trading in Right Entitlements (REs) and the rights issue closure to at least three working days. This change accounts for potential trading holidays and ensures adequate time for settlement and investor applications. The circular is effective immediately and applies to all rights issues, including fast-track ones. All relevant entities must comply, and stock exchanges are instructed to inform listed companies and update their websites accordingly.
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