June 23, 2020 / 6:51 AM / 11 days ago

BRIEF-India's SEBI To Relax Pricing Methodology For Preferential Issues By Listed Cos With Stressed Assets

June 23 (Reuters) - Securities and Exchange Board of India:

* SAYS DECIDED TO RELAX PRICING METHODOLOGY FOR PREFERENTIAL ISSUES BY LISTED COS HAVING STRESSED ASSETS

* DECIDED TO EXEMPT ALLOTTEES OF PREFERENTIAL ISSUES FROM OPEN OFFER OBLIGATIONS IN PREFERENTIAL ISSUE CASES BY LISTED COS WITH STRESSED ASSETS

* SAYS ELIGIBLE LISTED COMPANIES' PREFERENTIAL ISSUE TO BE MADE TO PERSONS/ENTITIES THAT ARE NOT PART OF PROMOTER OR PROMOTER GROUP Source text: (bit.ly/316Wlrn)

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