Corporates have approached Sebi to allow listed firms to either postpone their financial results for the June quarter or merge them with the September numbers amid growing concern that wide losses and decline in sales between April-June could unsettle investors and put off banks.
Against the backdrop of a slide in stock prices following lockdown, some of the leading industry bodies have also urged the market regulator to consider rules on the pricing of preferential equity offer and open offer — to enable capital infusion — as well as simplify the process to delist a company through the reverse book building route.
Read more