Rajiv Gandhi Equity Savings Scheme initial offering time-frame extended by Sebi
PTI: Mumbai, Feb 07 2013, 14:00 IST
the Department of Revenue, Finance Ministry in November and following which Sebi issued the guidelines.
As per the notification issued by Sebi on the RGESS, there would be a lock-in period of one year on investments made under the scheme.
For transactions undertaken by investors through their RGESS designated demat account, depositories would be required to seek necessary transactional details from stock exchanges for enforcing lock-in.
Finance Minister P Chidambaram will launch the RGESS in Mumbai on February 9.
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