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Sebi halves the post-IPO lock-in period for promoters to 18 months
The Securities and Exchange Board of India (Sebi) on Friday relaxed the lock-in period on pre-IPO shareholding and also approved the concept of ‘controlling shareholders.’ The regulator also eased the framework for issuance of stock options and increased the investment headroom for alternative investment funds (AIFs) in unlisted companies.
The regulator has halved the lock-in period to 18 months that promoters have to observe on 20 per cent of their shareholding following an initial public offering (IPO). READ HERE.
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