Sebi to ease norms to expedite insolvency process

Sebi to reduce the timeline for completion of takeover from six months to 30 days for acquirers

Markets regulator Sebi is likely to amend some existing regulations to ease the insolvency process initiated by the Reserve Bank of India (RBI) and other lenders against companies with high debt.

According to sources, Sebi is planning to reduce the timeline for completion of takeover from six months to 30 days for acquirers in the case of insolvency proceedings. Price discovery and disclosure-related rules in such takeovers are also expected to be relaxed.

Sources said the regulator was considering doing away with the price discovery formula used to arrive at the open offer price for such acquisitions. The price agreed upon by