Background
- Securities and Exchange Board of India (“SEBI”) vide its notification dated 16th June, 2020 has issued the “Issue of Capital and Disclosure Requirements (Amendment) Regulations, 2020” (“ICDR”) under which time line of raising the funds through issuance of Equity Shares by way of Qualified Institutions Placement (QIP) has been reduced from six months to two weeks. Earlier regulation mandated a minimum gap of 6 months from previous QIP issue.
Impact on Issuer Company
- This amendment has provided the fast track mode of raising the funds via QIP which is a positive step in such a time period.
Source:
