Sebi eases norms for FPIs, startups
In a series of reforms, capital markets regulator Sebi eased norms for startup listings and allowed mutual funds to segregate distressed assets to safeguard investment returns.
At a meeting held here, the Sebi board also approved a proposal to expand the offer-for-sale mechanism for reduction of stake in listed companies and relaxed clubbing of investment limit norms for well-regulated foreign portfolio investors (FPI).
Besides, it cleared a proposal to allow custodial services in the commodity derivatives market to enable institutional participation.
With regard to listing of startups, the regulator has relaxed norms for new-age ventures in sectors like e-commerce, data analytics and biotechnology to raise funds and get their shares traded on stock exchanges.
The relaxation in norms follows tepid market response to the existing platform and demands from various stakeholders to make the rules easier and the platform more accessible in the wake of expanding activities in the Indian startup space.
LETTER FROM THE EDITOR: A SPECIAL THANKS TO OUR READERS
LETTER FROM THE EDITOR: A SPECIAL THANKS TO OUR READERS