INSUBCONTINENT EXCLUSIVE:
Minimum Issue Size On Social Bourses Cut To 50LMUMBAI: The board of Sebi on Saturday relaxed some of the guidelines for small not-for-profit
organisations (NPOs) and non-government organisations (NGOs) to tap the social stock exchanges (SSEs) to raise funds, including halving the
minimum fund-raising size to Rs 50 lakh
allowed small and medium real estate investment trusts (SM REITs), with a minimum asset value of Rs 50 crore, to tap the public market to
raise funds.Currently, REITs are allowed for entities with an asset value of at least Rs 500 crore, the release said.The Sebi board also
asked for more data relating to delisting of companies before changing the rules governing these offers, Sebi chairperson Madhabi Puri Buch
The regulator also refused to intervene in the primary offer market to check bunching up of IPOs within a short span of time
The Sebi chief said merchant bankers and the market system are well equipped to handle large numbers of IPOs within a short window
In case Sebi intervened to spread out IPOs over a longer duration, that could have denied some market players the opportunities they were
looking for to launch their offer.The Sebi chief also said that by March 2024, the Indian stock market is expected to move to a trade
settlement cycle that would be on a T+0 basis: Meaning the buyer of a stock will get his shares in his demat account by the end of the day
