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of <h1>SEBI Amends Takeover Regulations to Allow Debt-to-Equity Conversion for Banks Under Strategic Debt Restructuring Scheme.</h1> The Securities and Exchange Board of India (SEBI) issued the Second Amendment to the Substantial Acquisition of Shares and Takeovers Regulations, 2015, effective upon publication in the Official Gazette. This amendment adds a provision to the 2011 regulations, allowing the conversion of debt into equity under the Strategic Debt Restructuring Scheme. This permits banks, financial institutions, and secured lenders to acquire equity shares through debt conversion, following guidelines set by the Reserve Bank of India. Compliance with specific conditions under the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 is required.
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