New Delhi: To make start-up listing platform more attractive, Sebi Chairman U K Sinha today said the regulator is willing to consider suggestions for possible changes in the norms for such companies. Besides, a new Central Know Your Customer (CKYC) mechanism, which will provide common and one-tim…
Tag: institutional trading platform (ITP)
SEBI may scrap planned listing platform for start-ups
The market regulator is reworking its plans for a capital-raising platform targeted exclusively at start-ups after the concept failed to take off a year after it was proposed. Now, the Securities and Exchange Board of India (Sebi) is considering sweeping changes to the listing framework for techn…
Start-ups seek easier institutional ownership for IPO regulations
Start-ups want markets regulator Sebi to ease minimum institutional ownership criteria to qualify for launching an initial public offering (IPO). Currently, regulations mandate a company to have a 50% institutional ownership in order to launch an IPO. However, many small start-ups are funded by a…