INSUBCONTINENT EXCLUSIVE:
In September last year, the Securities and Exchange Board of India (Sebi) decided on reducing the time to lists hares on the bourses after
IPO to 3 days from the present 6
The Sebi directive is likely to come into effect from July this year
Sebi had cited mitigating external risks such as market volatility and uncertainty of financial markets as the reason behind the move."Sebi
aims to reduce the listing of IPO shares to 3 days from 6 days now
It is supposed to be introduced for IPOs from July 2019 onwards
Now, the regulator is working on simplifying the rights issue process," Central Depository Services (India) Ltd (CDSL) VP (operations) Nitin
such as depositories and transaction advisors in the rights issue listing simplification process, just like it engaged exchanges and
process of normal allotment of shares for IPOs took almost a month
Mr Ambure said Sebi had granted relaxation for processing Demat Request Number from the current 15 days to 30 days in the wake of unusual
surge in requests for dematerialisation in recent months
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