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One-time relaxation with respect to validity of SEBI Observations.

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.... Observations. 1. In view of the impact of the COVID-19 pandemic, based on representations from various industry bodies, SEBI has decided to grant the following one time relaxations: (i) In terms of Regulation 44(1), 85 and 140 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulations), a public issue/rights issue may be op....

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....p to 50% of the estimated issue size without requiring to file fresh draft offer document with the Board subject to following conditions: (a) there has been no change in the objects of the issue (b) the lead manager undertakes that the draft offer document is in compliance with provisions of Regulation 7(1)(e) (c) the lead manager shall ensure that all appropriate changes are made to the rel....

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