Sebi board announces stricter regulations for SME IPOs to improve
Wednesday, 18 December 2024
Sebi has introduced stricter regulations for SME IPOs, mandating a minimum operating profit and limiting selling shareholders' divestment to 50% of their stake. These measures aim to enhance transparency, governance, and fund utilization in the booming SME segment. The new rules also restrict the use of IPO proceeds for settling loans from related parties.
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