Tuesday, December 1, 2015

SEBI RELEASES GUIDELINES FOR LISTING OF STOCK EXCHANGES

SEBI has outlined the broad guidelines for an initial public offering by stock exchanges. SEBI has made it mandatory for stock exchanges to ensure that the minimum public shareholding is at least 51 per cent.

Trading members, associates and agents can hold the balance 49 per cent. Both BSE and NSE are looking to float an IPO with the BSE has already submitted papers with SEBI for its approval for the listing.

The regulator has also permitted listing of depositories, which will be governed by the same norms as those applicable to stock exchanges.

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