Sebi board clears easier startups listing rules; allows MFs to segregate distressed assets

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Mumbai | Published: December 12, 2018 6:11:38 PM

In a series of reforms, capital market regulator Sebi's board on Wednesday cleared easing of norms to kick-start startup listings and allowed mutual funds to segregate distressed assets to safeguard investment returns.

sebi, sebi listing rules, sebi startup listing rule, sebi mutual funds, mutual funds, sebi distressed assetsThe expansion of offer-for sale scheme will include all companies with Rs 1,000-crore and above market-capitalisation.

In a series of reforms, capital market regulator Sebi’s board on Wednesday cleared easing of norms to kick-start startup listings and allowed mutual funds to segregate distressed assets to safeguard investment returns.

At a meeting held here, the Sebi board also approved a proposal to expand the offer-for-sale mechanism for reduction of stake in listed companies and relaxed clubbing of investment limit norms for well-regulated foreign investors.

The expansion of offer-for sale scheme will include all companies with Rs 1,000-crore and above market-capitalisation.

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