Dear Sirs,
SEBI has finally come up with discussion paper for start-up listing platform.
- The securities market regulator SEBI has proposed relaxed norms for its separate platform to allow start-ups to list in the country. It has called for a much lower lock-in period for shares held by promoters and other investors compared with conventional three-year period, restricted the platform to tech companies and said this would be only open to investors with larger investment appetite.
- SEBI has proposed that the new platform for raising money within the country will be initially made applicable to companies which are in the area of software product development and e-commerce. However, it kept a window open by adding that it can also include new-age companies having innovative business models.
- http://www.sebi.gov.in/cms/sebi_data/attachdocs/1427713523817.pdf
Trust it will be grand boost to Entrepreneurial Eco-system,
G.S.Autee
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