Minimum issue size on social exchanges reduced to Rs 50 lakh
Mumbai: Board of SEBI Some guidelines were relaxed for small nonprofit organizations on Saturday (NPO) and to tap non-governmental organizations (NGOs). social stock exchange (SSEs) to raise funds, which includes halving the minimum fund raising size to Rs 50 lakh. The board also approved a regulatory framework for index providers “with the objective of promoting transparency and accountability in the governance and administration of financial benchmarks in the securities market”, the market regulator said in a release.
The SEBI board has also allowed small and medium real estate investment trusts (SM REITs) with a minimum asset value of Rs 50 crore to use the public market to raise funds. Currently, REITs are permitted for entities with asset value of at least Rs. 500 crore, the release said.
The Sebi board has also sought more data related to delisting of companies before changing the rules governing these offers, Sebi Chairman Madhabi Puri Buch said. The regulator also refused to intervene in the primary offering market to stop the increasing number of IPOs in a short period of time. The SEBI chief said merchant bankers and the market system are well equipped to handle a large number of IPOs in a short period of time. If SEBI intervenes to spread the IPOs over a longer period, it could deprive some market players of the opportunities they were looking for to launch their offers.
The SEBI chief also said that by March 2024, the Indian stock market is expected to move to a trading settlement cycle that will be on a T+0 basis: meaning a buyer of a stock will get his shares in his demat account by the end of the day on which the trade was made. goes.
Mumbai: Board of SEBI Some guidelines were relaxed for small nonprofit organizations on Saturday (NPO) and to tap non-governmental organizations (NGOs). social stock exchange (SSEs) to raise funds, which includes halving the minimum fund raising size to Rs 50 lakh. The board also approved a regulatory framework for index providers “with the objective of promoting transparency and accountability in the governance and administration of financial benchmarks in the securities market”, the market regulator said in a release.
The SEBI board has also allowed small and medium real estate investment trusts (SM REITs) with a minimum asset value of Rs 50 crore to use the public market to raise funds. Currently, REITs are permitted for entities with asset value of at least Rs. 500 crore, the release said.
The Sebi board has also sought more data related to delisting of companies before changing the rules governing these offers, Sebi Chairman Madhabi Puri Buch said. The regulator also refused to intervene in the primary offering market to stop the increasing number of IPOs in a short period of time. The SEBI chief said merchant bankers and the market system are well equipped to handle a large number of IPOs in a short period of time. If SEBI intervenes to spread the IPOs over a longer period, it could deprive some market players of the opportunities they were looking for to launch their offers.
The SEBI chief also said that by March 2024, the Indian stock market is expected to move to a trading settlement cycle that will be on a T+0 basis: meaning a buyer of a stock will get his shares in his demat account by the end of the day on which the trade was made. goes.
(TagstoTranslate)Business News(T)Social Stock Exchange(T)Small NGOs raise funds(T)Sensex(T)SEBI eases rules(T)SEBI(T)NPO(T)Nifty 50