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SEBI announced to Ease Listing Norms for Startups

Published on March 27, 2021
Current Context: The Securities and Exchange Board of India (SEBI) announced to ease the eligibility and listing criteria particularly on Innovators Growth Platform (IGP) to help the startups.
SEBI announced to Ease Listing Norms for Startups
  • The SEBI has also made amendments to SEBI regulations like the Delisting of Equity Shares and Alternative Investment Funds.
  • Currently, for a company to list on IGP need to have 25% pre-issue capital for at least two years by an institutional investor and other large investors. Now, this is revised to one year by SEBI.
  • The pre-issue shareholding of IGP investors was 10%, this is now modified to 25%.
  • Initially, the open offer threshold limit to companies for being under IGP was 25%. It is now modified to 49%.
  • The promoters or the acquirer are supposed to disclose their intention to delist the company by making a public announcement at the prior stage and they as permitted to mention an indicative price of delisting which should not be less than the floor price.
  • Also, SEBI has allowed angel investors to make investments in startups.
  • Static Part: 
    • HQ of SEBI: Mumbai
    • Chairman of SEBI: Ajay Tyagi
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