Sebi mulls making rights issues more lucrative for companies to raise money

To boost fundraising through rights issues, Sebi has proposed removing the need for Draft Letter of Offer (DLoF) and simplifying the Letter of Offer (LoF). Feedback was sought on reducing timelines and revising intermediary roles. Major funds were raised via Qualified Institutional Placements and preferential allotments in FY24, indicating a shift in capital-raising methods.