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Economy

SEBI offers relief to stressed companies, eases preferential allotment and open offer exemption rules

Updated : June 23, 2020 02:09 PM IST

Eligible companies now raise funds through the preferential allotment route even if their share price has fallen sharply over the recent period.
Further, an acquiring company will no longer have to compulsorily issue an open offer.
The rules for which companies are eligible for the exemptions have also been prescribed.

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