In a major push to kickstart listing of start-ups in India in a big way, capital markets regulator SEBI has lined up a slew of relaxations for new-age ventures. The proposed changes include renaming the Institutional Trading Platform (ITP) that the regulator had created for such listings as Innovators Growth Platform (IGP).
The changes include doing away with the requirement of at least 50% of pre-issue capital being held by qualified institutional investors.
Source- The Economic Times
Static/Current Takeaways Important For IBPS Clerk Mains Exam 2018:
- SEBI- Securities and Exchange Board of India.
- SEBI Chairman- Ajay Tyagi, Headquarters- Mumbai.