Eas­ier list­ing norms for start-ups soon

India Business Journal - - NEWS ROUND-UP -

The SEBI has pro­posed to fur­ther re­lax norms for list­ing start-ups by al­low­ing more in­vestor cat­e­gories, re­lax­ing share­hold­ing norms and re­duc­ing the trad­ing lot amount. Ac­cord­ingly, 25 per cent of the pre-is­sue cap­i­tal should be held by qual­i­fied in­sti­tu­tional buy­ers (QIBs) or other reg­u­lated en­ti­ties or ac­cred­ited in­vestors for at least two years. Of this, not more than 10 per cent should be held by ac­cred­ited in­vestors. QIBs, fam­ily trusts with net worth of more than Rs 500 crore, cat­e­gory-III for­eign port­fo­lio in­vestors shall be made el­i­gi­ble. The min­i­mum trad­ing lot has been re­duced to Rs 2 lakh from the ex­ist­ing Rs 10 lakh.

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