India, April 16 -- SEBI, or the Securities and Exchange Board of India, is the regulator that oversees India's stock and capital markets. It works to protect investors, ensure fair trading practices, and maintain confidence in the financial system. In its latest move, the regulator has introduced a temporary relaxation for companies planning to launch IPOs, aiming to make the fundraising process smoother and more flexible for issuers.
What SEBI has changed
SEBI has allowed companies planning an IPO to increase or reduce the issue size by up to 50 percent without filing a fresh draft red herring prospectus (DRHP). Earlier, any change beyond 20 percent in the fresh issue size required companies to restart the filing process. This change gi...
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