Well, the word "Startups" has been buzzing in the Indian business world for quite some time now.
The market regulator: Securities and Exchange Board of India (SEBI) has formed a group to look into the existing Institutional Trading Platform (ITP) framework and suggest measures to facilitate the listing of startups.
Going back a little, the ITP framework was put in place by SEBI in 2015 with a view to facilitating listing of new age companies in sectors like e-commerce, data analytics, bio-technology and other startups.
The objectives of forming the group are:
- To review the need for present ITP framework in the current context.
- To revisit the current ITP framework and identify the areas, if any, which require further changes.
- Any other issue relevant to ITP which the group may like to assess.
The group has members that are representatives from:
- The Indian Software Product Industry Round Table (iSPIRT)
- The Indus Entrepreneurs (TIE)
- The Indian Private Equity and Venture Capital Association (IVCA)
- Law Firms
- Merchant Bankers
- Stock Exchanges
Going back a little, the ITP framework was put in place by SEBI in 2015 with a view to facilitating listing of new age companies in sectors like e-commerce, data analytics, bio-technology and other startups.
