India Relieves IPO Laws to Spur Market Activity
New Delhi: The Division of Economic Matters (DEA) has revised IPO policies, potentially leading the way for major listings like Jio Operatings systems. The modification to the Stocks Contracts (Policy) Guidelines, 1957, lowers the minimum public shareholding demand.
- Modified Required: Minimum public deal reduced to 2 5 % from 5 %, subject to meeting stated timelines.
- SEBI Approval: Modifications greenlit by the Stocks and Exchange Board of India (SEBI) last September.
- Expected Effect: Revitalize India’s IPO market after a current downturn.
- Prospective Beneficiaries: Dependence’s Jio Platforms and the National Stock Exchange (NSE) IPOs are most likely to be among the initial to benefit.
