IPO the Zing Thing Com­ing to Mar­kets

On cards: tax breaks, big­ger re­tail quota in IPOs & share sale of PSUs Fir­ing up the Bulls on D-Street Sebi Cracks the Whip on Er­rant MFs

The Economic Times - - Front Page -

govern­ment’s poli­cies will be good for busi­ness and growth. The pri­mary mar­ket plan is part of the com­pre­hen­sive agenda drawn up the min­istry to re­vive the econ­omy that in­cludes ma­jor fi­nan­cial sec­tor re­forms and a tar­geted ap­proach to tackle non-per­form­ing as­sets of banks to get them to start lend­ing to com­pa­nies again. “We feel a re­vival of the pri­mary mar­ket is nec­es­sary for com­pa­nies to raise cap­i­tal to ex­pand and delever­age and start in­vest­ing,” a se­nior min­istry of­fi­cial told ET. Sebi has stopped clear­ing ap­pli­ca­tions for new fund of­fers (NFOs) — both eq­uity & debt schemes — from mu­tual funds whose net worth is be­low re­quired lev­els.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.