 "Sebi, market, IPO, investors, investments")
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.
The market regulator has said the three-year lock-in period promoters have to observe on at least 20 per cent of their shareholding after an initial public offering (IPO) can be brought down to one year.
Further, the lock-in requirement on promoter shareholding in excess of 20 per cent
