Sebi relaxes pricing rules for preferential issues; makes fund raising easier amid COVID-19

Making it easier for corporates to raise funds amid the coronavirus pandemic, Sebi on Thursday decided to relax the pricing methodology for preferential issuance of shares, and approved certain changes in norms for acquisition of shares through open offer. The regulator's board, during its meeting on Thursday, also cleared amendments to insider trading regulations and decided to streamline settlement regulations to make procedures faster and more effective.