The regulator has proposed making EBP mandatory for all private placement issues of the issue size above Rs 20 crore, down from the present threshold of Rs 50 crore
According to a consultation paper released on Thursday, Sebi may allow founders to hold or exercise Esop benefits granted one year before the company's initial public offering (IPO) plan
"Investors must remain vigilant, seek investment guidance from Sebi-registered advisors, and evaluate credentials of influencers they follow," said Arati Porwal, Country Head of CFA Institute - India