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Sebi proposes rationalising 'promoter group' definition'; moots a concept
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Sebi plans to ease post-IPO lock-in for promoters, amend key definition

Regulator mulls replacing concept of 'promoter' with 'person in control'

Topics
SEBI | IPOs | Markets

Samie Modak  |  Mumbai 



Sebi, market, IPO, investors, investments
The regulator has said the definition of “promoter” is wide-ranging and needs to be revisited, with PE-backed companies increasingly looking to list | illustration: Ajay Mohanty

The Securities and Exchange Board of India (Sebi) on Tuesday proposed to liberalise the “Issue of Capital and Disclosure Requirements” (ICDR) by easing the lock-in period for promoters and rationalising the definition of “promoter group”. The proposals, if implemented, will ease the regulatory burden for listed firms and could encourage more companies to list.

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First Published: Tue, May 11 2021. 18:42 IST

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