New Delhi, Sep 12
Capital markets regulator Securities and Exchange Board of India (SEBI) is set to review key regulatory changes at its board meeting on Friday, including relaxed stake dilution norms for large companies, and amended allocation norms for anchor investors in IPOs.
The regulator is considering stake dilution norms to permit large firms to launch smaller initial public offerings. SEBI also considers extending deadlines to comply with minimum public shareholding requirements.
Companies with post-issue market capitalisations exceeding Rs 5 lakh crore may need to maintain a minimum float of Rs 15,000 crore plus 1 per cent, subject to a minimum of 2.5 per cent public float.