SEBI relaxes norms for listing of start-ups; allows discretionary allotment to eligible investors thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
To boost listing of start-ups, markets regulator Sebi on Thursday said it has suggested relaxations in norms, including reducing holding period for pre-issue capital and allowing discretionary allotment to all eligible investors. The changes have been proposed to the framework for listing on Innovators Growth Platform (IGP), Sebi said in a statement. Other proposals include providing differential voting rights (DVR) to promoters, retaining superior voting rights (SR) for existing institutional investors holding over 10 per cent of capital, and easing delisting requirements as well as takeover norms. The regulator has issued a consultation paper in this regard and sought suggestions from public till January 11.
Sebi proposes to tweak several rules to encourage startups to go public
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Synopsis
The regulator has proposed that the compulsory shareholding period before listing for investors owning 25% or higher stake be halved to one year.
Agencies
The Securities and Exchange Board of India (Sebi) has proposed to tweak several rules to encourage startups to go public and list on the so-called Innovators Growth Platform.
The regulator has proposed that the compulsory shareholding period before listing for investors owning 25% or higher stake be halved to one year. It has also suggested raising the open offer trigger for investment deals, as well as recommended allocation of a higher percentage of shares to anchor investors during public issues and special rights to promoters and existing institutional investors.
ETMarkets Morning Podcast (ET Online) Nifty to touch 15,000 by Dec 2021?
06:21 Min | December 15, 2020, 9:11 AM IST
Here s a head up to some of the news we are tracking at this hour. Tune in!
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Hi there! Welcome to ETMarkets Morning, the show about money, business and markets. I am Nandini Sanyal, and here is what we have to start your day. Oaktree said to be ahead in final bids for DHFL Tatas, many others make bid for Air India Sebi set to tweak overseas listing rules
AND
And there is more. But first, a quick glance at the state of the markets.
Sebi proposes listing rule tweaks for startups
SECTIONS
Share
Synopsis
The regulator has proposed that the compulsory shareholding period before listing for investors owning 25% or higher stake be halved to one year.
Agencies
The Securities and Exchange Board of India (Sebi) has proposed to tweak several rules to encourage startups to go public and list on the so-called Innovators Growth Platform.
The regulator has proposed that the compulsory shareholding period before listing for investors owning 25% or higher stake be halved to one year. It has also suggested raising the open offer trigger for investment deals, as well as recommended allocation of a higher percentage of shares to anchor investors during public issues and special rights to promoters and existing institutional investors.