THE BOARD OF Securities and Exchange Board of India (Sebi) took as many as 19 decisions on Wednesday, including tighter listing regulations for small and medium enterprises (SMEs), easier norms for REITs and InvITs, and a wider definition of unpublished price-sensitive information (UPSI).
In a bid to curb the manipulation by some SMEs to paint a pretty picture for investors, it has approved mandating an operating profit of ₹1 crore in two out of three years, and a phased release of promoter lock-in over 1-2 years. The offer for sale (OFS) should not exceed 20% of the total issue size, and amount of general corporate purpose to be capped at 15%.
Bu hikaye Financial Express Bengaluru dergisinin December 19, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Financial Express Bengaluru dergisinin December 19, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
2W sales skid sharp 19% in Dec
FIRST FALL IN TWO YEARS
H-1B overhaul a boon for Indian techies
THE US GOVERNMENT on Tuesday announced major reforms in its popular H-1B visa programme,
Trump threatens to impose reciprocal tariffs on India
US PRESIDENT-ELECT DONALD Trump has said that India charges \"a lot\" of tariffs, reiterating his intention to impose reciprocal tariffs in retaliation for what New Delhi will impose on the import of certain American products.
Sebi tightens SME listing regulations
• Performance validation agency PaRRVA set up
Walmart has a tough battle ahead in India
E-COMMERCE IN INDIA is a political and regulatory minefield.
'Had fun but it's time': Ashwin bows out of internationals with shock retirement call
RASHWIN STOOD in the corridor outside the press conference room after the third Test ended in a draw.
US announces H-1B visa overhaul, Indian techies to benefit
HOW THE MOVE WILL BENEFIT INDIA
Navy boat hits ferry off Mumbai coast, 13 dead
A PRIVATE FERRY, carrying more than 110 passengers to Elephanta Island off Mumbai coast, capsized after a Navy speedboat crashed into it on Wednesday. At least 13 people were killed in the incident, officials said, adding that the rest have been rescued.
Sebi tightens SME IPO rules
SEBI also cleared the review of merchant bankers, custodians, and provisions for high-value debt-listed entities (HVDLE) by increasing the threshold for identification of HVDLE from ₹500 cr to ₹1,000 cr, aligning it with that of large corporates, and introduced a sunset clause governing corporate governance of debt-listed securities.
Trump threatens to impose reciprocal tariffs on India
HE MADE THE remarks while responding to a question on a potential trade agreement with China.
