MANU/SDIP/0010/2020

Ministry : Securities and Exchange Board of India

Department/Board : Corporation Finance Department

Circular No. : SEBI/HO/CFD/CIR/CFD/DIL/85/2020

Date : 09.06.2020

Notification/ Circulars Referred : Circular no. SEBI/HO/CFD/CIR/CFD/DIL/67/2020 dated April 21, 2020 MANU/SDIP/0006/2020

Citing Reference:
Circular no. SEBI/HO/CFD/CIR/CFD/DIL/67/2020 dated April 21, 2020 MANU/SDIP/0006/2020  Referred

To,

All Recognized Stock Exchanges
All Registered Merchant Bankers

Dear Sir/Madam,

Relaxations from certain provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 in respect of Further Public Offer

1. In the wake of developments relating to the Covid-19 pandemic, SEBI vide Circular no. SEBI/HO/CFD/CIR/CFD/DIL/67/2020 dated April 21, 2020 introduced temporary relaxation in eligibility conditions related to Fast Track Rights Issue.

2. In continuation, it has been decided to provide similar relaxations in the eligibility conditions related to Fast Track Further Public Offer (FPO) as contained in the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 ("ICDR Regulations) as follows:

Sub-regulations (1), (2), (3), (4) and (5) and (9) of regulation 123 shall not apply if the issuer satisfies the conditions mentioned under Regulation 155 of ICDR Regulations for making a further public offer through the fast track route:

Certain temporary relaxations with respect to Regulation 155 of ICDR Regulations are extended as follows:

(i) In regulation 155(c) the words 'one thousand crore' shall be read as 'five hundred crore'

(ii) Regulation 155(h) shall be read as under: