Streamlining the Process of Rights Issue

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....istered Depository Participants Registered Bankers to an Issue Dear Sir / Madam, Sub: Streamlining the Process of Rights Issue 1. SEBI vide Circular No. SEBI/HO/CFD/DIL2/CIR/P/2020/13 dated January 22, 2020, had stipulated procedures streamlining the Rights Issue process ('the circular'). 2. In respect of the aforesaid circular, para 1.4.1 and at Annexure I para C (e) of the Circular, deal wi....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....esented that there should be a minimum gap of three working days considering two days for settlement and one additional day for investor to make application in Rights Issue. 4. Therefore, in view of above it has been decided that para 1.4.1 and at Annexure I para C (e) of the Circular paragraphs are amended as under: The words 'at least four days' are replaced with 'at least three working days'....