Amended IPO listing norms effective: Sebi

Amended IPO listing norms effective: Sebi
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First Published: Fri, Jul 10 2009. 09 57 PM IST
Updated: Fri, Jul 10 2009. 09 57 PM IST
Mumbai: With the amendments to the disclosure and investor protection guidelines having come into effect on Thursday, companies planning initial public offers (IPO) will now have to compulsorily list shares on at least one exchange with a national presence.
Companies will also be allowed to bring anchor investors for public issues.
In a notification to merchant bankers and stock exchanges on Thursday, the Securities and Exchange Board of India (Sebi) said the new rules will be applicable to all draft offer documents filed on or after Thursday.
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First Published: Fri, Jul 10 2009. 09 57 PM IST
More Topics: Sebi | IPO | Shares | Markets | Money Matters |