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Tuesday, Oct 15, 2019

Small IPOs to bypass Sebi

Come September and IPOs of companies with paid-up capital of up to Rs 25 crore will not require SEBI nod to raise capital.

business Updated: Jun 02, 2011 21:19 IST

PTI
Hindustantimes
         

Come September and IPOs of companies with paid-up capital of up to Rs 25 crore will not require SEBI nod to raise capital.

“The companies with either market cap or paid up capital up to Rs 25 crore will only need exchange’s approval for listing,” said BSE head of product strategy Sayee Srinivasan.

By September, it was expected the BSE will be ready to launch the exchange facility to cater to small and medium enterprises.

First Published: Jun 02, 2011 21:17 IST

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