New Delhi, Sep 12 || Capital markets regulator Securities and Exchange Board of India (SEBI) is set to review key regulatory changes at its board meeting on Friday, including relaxed stake dilution norms for large companies, and amended allocation norms for anchor investors in IPOs.
The regulator is considering stake dilution norms to permit large firms to launch smaller initial public offerings. SEBI also considers extending deadlines to comply with minimum public shareholding requirements.
Companies with post-issue market capitalisations exceeding Rs 5 lakh crore may need to maintain a minimum float of Rs 15,000 crore plus 1 per cent, subject to a minimum of 2.5 per cent public float.
Firms valued between Rs 1 lakh crore and Rs 5 lakh crore could be required to issue at least Rs 6,250 crore plus 2.75 per cent. Depending on their shareholding levels, they could get up to 10 years to meet the minimum public shareholding mandate, according to reports.