Sep 30, 2020

Relaxations Relating to Procedural Matters

SEBI had, on May 6, 2020, granted certain relaxations in relation to rights issues opening up to July 31, 2020, key details of which are covered in the June 2020 edition of Inter alia. Now, SEBI has (by way of circular dated July 24, 2020) extended the validity of such relaxations for rights issues opening up to December 31, 2020.

SEBI had, on May 14, 2020, granted certain relaxations in relation to open offers and buy-back through tender offers opening up to July 31, 2020, key details of which are covered in our Client Alert dated May 16, 2020. Now, SEBI has (by way of circular dated July 27, 2020) extended the validity of such relaxations for open offers and buy-back through tender offers opening up to December 31, 2020.

TAGS

SHARE

DISCLAIMER

These are the views and opinions of the author(s) and do not necessarily reflect the views of the Firm. This article is intended for general information only and does not constitute legal or other advice and you acknowledge that there is no relationship (implied, legal or fiduciary) between you and the author/AZB. AZB does not claim that the article's content or information is accurate, correct or complete, and disclaims all liability for any loss or damage caused through error or omission.