Tuesday, July 16News That Matters

Sebi unveils more reforms, board clears easier startups listing rules :

In a series of reforms, capital market regulator Sebi‘s board on Wednesday cleared easing of norms to kick-start 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 investors.

The expansion of offer-for sale scheme will include all companies with Rs 1,000-crore and above market-capitalisation.

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