This document details SEBI's relaxations for listed companies facing financial stress, enabling them to raise capital more easily through preferential issues. It outlines exemptions from open offer obligations and revised pricing methodologies. The guide specifies eligibility criteria for 'stressed' companies, including conditions related to payment defaults, inter-creditor agreements, and credit rating downgrades. It also covers essential requirements like majority minority shareholder approval, end-use of proceeds, and monitoring by an independent agency.
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