2025-04-07 04:17:20 pm | Source: PR Agency
Comment on SEBI cautioning platforms facilitating transactions in unlisted securities by Makarand M Joshi, Founder MMJC and Associates, a corporate compliance firm
Below the Comment on SEBI cautioning platforms facilitating transactions in unlisted securities by Makarand M Joshi, Founder MMJC and Associates, a corporate compliance firm
Under revised timeline fund mobilisation through rights issue would take 23 days to raise funds as against 45 days required to raise funds through preferential allotment.
Under the old timeline funds raised through preferential allotment during 22-23 and 23-24 were 83,832 crores and 45,115 crores. During same time (i.e. FY 23 and FY 24) funds raised through right issue were 6751 crores and 15,110 crores (SEBI annual report 2024.) Hence it is seen pref allotment was preferred way of fundraising.
Now it needs to be seen if the rights issue would be a preferred way of raising funds as compared to preferential allotment as per revised timeline.
Under the old timeline funds raised through preferential allotment during 22-23 and 23-24 were 83,832 crores and 45,115 crores. During same time (i.e. FY 23 and FY 24) funds raised through right issue were 6751 crores and 15,110 crores (SEBI annual report 2024.) Hence it is seen pref allotment was preferred way of fundraising.
Now it needs to be seen if the rights issue would be a preferred way of raising funds as compared to preferential allotment as per revised timeline.
https://www.sebi.gov.in/legal/circulars/mar-2025/faster-rights-issue-with-a-flexibility-of-allotment-to-specific-investor-s-_92622.html
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