The Securities and Exchange Board of India (SEBI) on Friday unveiled a set of regulatory updates following its board meeting, including a significant easing of minimum public shareholding (MPS) norms for large firms planning initial public offerings (IPOs).
As per SEBI’s statement, companies with a market capitalization between Rs 50,000 crore and Rs 1 lakh crore will now be granted additional time to comply with public shareholding requirements.
According to the new rules, these firms are required to achieve a 15% MPS within five years of their listing and 25% within ten years.
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