The Securities and Exchange Board of India (SEBI) has released a circular easing the eligibility and listing criteria for the Innovators Growth Platform (IGP). Companies with superior voting rights are also now eligible to be listed on the IGP . As per the new regulations, 25 percent pre-issue capital must be held by an institutional investor for a duration of one year, as opposed to the earlier two years. 25 percent pre-issue shareholding can also be held by accredited investors. The open offer trigger for listed companies has been increased to 49 percent. SEBI has also made it easy for companies listed on the IGP to delist or migrate to the NSE or BSE within more efficient timelines.
top of page
Search
Recent Posts
See AllIn order to facilitate the ease of doing business to the Issuer company, SEBI has dispensed off with the requirement to deposit 1% of the...
Vide a circular dated 4th November 2024, bearing Circular No. SEBI/HO/IMD/IMD-I POD1/P/CIR/2024/149, SEBI permitted Mutual Funds...
A Foreign Venture Capital Investor (FVCI) is a financial institution registered with SEBI and incorporated and established outside India....
bottom of page
Commentaires