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SEBI Wants To Clear The Road For White Knights
SEBI proposals to ease capital raising via preferential allotment must be accompanied by tax exemption, experts point out.
07 May 2020, 06:33 PM IST
To help listed companies tide over financial stress and avoid large-scale insolvencies, the market regulator has proposed to ease the preferential allotment rules for capital raising. Listed companies, which meet the eligibility criteria, will be permitted to use this route to raise funds from entities that are not part of the promoter group.Some experts believe that the criteria companies need to meet to qualify as “stressed” needs ...
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