SEBI eases Norms for IPO, Preferential Issues
The Securities and Exchange Board of India (SEBI) decided that all companies with a post- issue capital above ` 4,000 crore to offer at least 10% stake in the IPO. SEBI has also decided to raise anchor investor’s bucket to 60% from the current requirement of 30% of the institutional bucket. Moreover, the board approved the proposal “to permit bonus shares issued in last one year prior to filing of the draft offer document to be offered for sale, provided that these bonus shares were issued out of the free reserves or share premium”.
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