SEBI Introduces Key Changes To Fund Raising Processes And Disclosures And Corporate Governance
Background: Securities and Exchange Board of India (SEBI) in its board meeting dated 29 September 2022 ( Board Meeting) has inter alia, approved an alternative pre-filing mechanism for offer documents in initial public offers (IPOs); additional disclosures to substantiate basis for IPO issue price; monitoring of proceeds raised through qualified institutions placement (QIPs) and preferential issues; and …