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SEBI vide. Circular dated January 22, 2020, had stipulated procedures streamlining Rights Issue process. Based on market representation that there should be a minimum gap of 3 working days considering 2 days for settlement and 1 additional day for investor to make application, the SEBI has notified that trading in Right Entitlement shall commence on date of opening of issue and shall be closed at least 3 days prior to closure of rights issue. An earlier the timeline was of 4 days.SEBI vide. Circular dated January 22, 2020, had stipulated procedures streamlining Rights Issue process. Based on market representation that there should be a minimum gap of 3 working days considering 2 days for settlement and 1 additional day for investor to make application, the SEBI has notified that trading in Right Entitlement shall commence on date of opening of issue and shall be closed at least 3 days prior to closure of rights issue. An earlier the timeline was of 4 days.taxmann.com Latest Statutory HappeningsRead More