Saturday, September 15, 2012

PE SHARES LOCK IN PROMOTER

The Securities and Exchange Board of India (SEBI) has said PE funds can pitch in to fill the
shortfall in promoters' lock-in during initial public offerings (IPO). According to the Securities and
Exchange Board of India (SEBI) rules, promoters have to lock in a minimum of 20 per cent of the
post-issue capital for three years.

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