Sebi approves doing away with Minimum Promoters’ Contribution towards FPO
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Currently, promoters are mandated to contribute 20% towards FPO
At its Board meeting on Wednesday, Sebi decided all assets and liabilities of each MF scheme will be segregated and ring-fenced from other schemes of an MF
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Markets regulator Sebi on Wednesday decided at its Board meeting to give relaxation in Minimum Promoters’ Contribution and the subsequent lock in requirements towards a follow-on public offering (FPO). The Board approved the proposal to do away with the applicability of Minimum Promoters’ Contribution and the subsequent lock in requirements for the issuers making a Further Public Offer of specified securities subject to fulfilment of the following conditions:
Sebi board meeting today: These are the key issues on agenda
Sebi may discuss relaxation in minimum promoter contribution in Follow on Public Offer. The market regulator is also expected to consider new shareholding norms for Corporate Insolvency Resolution Process companies. December 18, 2020 / 09:54 AM IST
The board of Securities and Exchange Board of India (Sebi) is set to meet on December 16 to discuss some crucial issues pertaining to capital and commodity markets. The key issues on the agenda include relaxation in minimum promoter contribution in Follow on Public Offer and new shareholding norms for Corporate Insolvency Resolution Process companies.
Here are the issues to be discussed at the Sebi board meeting:
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