Photo of Mukul Sharma

Partner in General corporate practice at the Delhi office of Cyrl Amarchand Mangaldas.

Mukul has over 11 years of experience in General Corporate, Mergers & Acquisitions, Commercial Laws, Securities Laws and Corporate Advisory. He regularly advises clients in various sectors including broadcasting, engineering, IT, hospitality, real estate and e-commerce on matters relating to SEBI regulations (including insider trading, listing regulations and takeover matters), foreign exchange laws and company law issues. He can be reached at mukul.sharma@cyrilshroff.com

SEBI CONSULTATION PAPER FOR LISTED COMPANIES WITH STRESSED ASSETS - CURE FOR THE SICK COULD BE VACCINE FOR ALL 

With the slowdown in the economy and unprecedented business disruption due to Covid 19, several Indian listed companies, which were already heavily leveraged, will soon be looking at avenues for further funding to meet working capital requirements and liquidity challenges. Given the current regulatory regime surrounding raising of equity capital, it is possible that some of the over-leveraged ones may become insolvent. With a view to facilitate fund raising by such listed companies that have stressed assets, the market regulator has come up with a consultation paper, that provides certain procedural relaxations to the SEBI (Issue of Capital and Disclosures Requirements) Regulations, 2018 (ICDR Regulations) and SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (SAST Regulations).
Continue Reading SEBI Consultation Paper For Listed Companies With Stressed Assets – Cure For The Sick Could Be Vaccine For All