Sebi proposes overhaul of investment banking norms
Business Standard|August 29, 2024
10x hike in net worth, more clarity on roles, responsibilities mooted
SAMIE MODAK
Sebi proposes overhaul of investment banking norms

The Securities and Exchange Board of India (Sebi) has proposed an overhaul of investment banking regulations amid a boom in the equity capital market (ECM).

In a consultation paper floated on Wednesday, the regulator has proposed a 10 time-hike in the net worth and provided more clarity on the roles and responsibilities of investment bankers - known as merchant bankers in regulatory parlance.

At present, there are over 200 registered merchant bankers in the country, which help companies launch an initial public offering (IPO) or a listed entity raise additional funds via qualified institutional placements or offer for sale. The current net worth requirement for merchant bankers is ₹5 crore, which was last hiked in 1992 from 1 crore.

The regulator has now proposed to have two categories of investment banks based on their net worth of at least 10 crore will fall under the Category 2 not be allowed to handle main board issues.

هذه القصة مأخوذة من طبعة August 29, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة August 29, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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