Sebi facilitates startup posting standards



New Delhi: To support posting of new companies, Sebi on Friday proposed a simpler structure that permits more speculator classes, loose shareholding standards and diminished exchanging part sum.

Sebi had mooted changes to the structure of Institutional Trading Platform (ITP), which has not seen much footing, however it was set up in August 2015.

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Trying to augment the qualification ambit for getting recorded on ITP, Sebi has proposed expanding the class of qualified speculators with regards to shareholding before the posting.

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 Other than QIBs (qualified institutional purchasers), family trusts or deliberately essential NBFCs enlisted with the RBI, middle people enrolled with Sebi and class III FPIs (remote portfolio financial specialists) would be viewed as, subject to specific conditions.