SEBI Relaxes Minimum Public Offer Requirements for Large Issuers; Board Meets FM
SEBI Relaxes Minimum Public Offer Requirements for Large Issuers; Board Meets FM Moneylife Digital Team 0 Securities and Exchange Board of India (SEBI) has relaxed norms of minimum public offer (MPO) for large companies to Rs10,000 crore plus 5% of the incremental amount beyond Rs1 lakh crore. The SEBI board, at its meeting in New Delhi, also decided to amend underwriting provisions and portfolio management rules. In a statement, SEBI says, "The Board has decided to recommend changes in the Securities Contracts (Regulation) Rules,1957 (SCRR), for issuers with post issue market capital e...
Source: moneylife.in