Sebi fast tracks fund raising for large cosBS Reporter / Mumbai August 25, 2007The Securities and Exchange Board of India (Sebi) today put equity float by large-cap companies on the fast track.A new scheme called the 'fast track share issuance programme' says companies which have been listed for three years on the National Stock Exchange and the Bombay Stock Exchange, and with at least Rs 10,000 crore free-float market capitalisation, can raise funds through rights and follow-on issues without having to wait for the market regulator's clearance.
