SEBI: REDUCING TIMELINE FOR SHARE LISTING TO 3 DAYS - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
Trending
Powered by Blogger.
Wednesday, September 19, 2018

SEBI: REDUCING TIMELINE FOR SHARE LISTING TO 3 DAYS


SEBI: REDUCING TIMELINE FOR SHARE LISTING TO 3 DAYS

The regulator SEBi said it will cut down the listing period after an initial public offering (IPO) to T+3 from T+6 now. This means a company will get to list 3 days after the IPO as against 6 at present.

“The board has, in principle, approved the proposal of revisiting the public issue process by way of introducing the use of Unified Payment Interface (UPI) with facility of blocking the funds (ASBA facility), as a new payment mechanism for retail investor applications submitted through intermediaries,” SEBI said in a release.

Under Applications Supported by Blocked Amount, or ASBA, money isn’t debited until shares are allotted.

FOREIGN INVESTOR PARTICIPATION IN COMMODITIES

The regulator approved rules for permitting foreign entities to have exposure to Indian commodity markets. Such entities would be classified as “eligible foreign entities.”

SEBI: REDUCING TIMELINE FOR SHARE LISTING TO 3 DAYS Reviewed by S. Chitra on September 19, 2018 Rating: 5 SEBI: REDUCING TIMELINE FOR SHARE LISTING TO 3 DAYS The regulator SEBi said it will cut down the listing period after an initial publi...

No comments:

Google+ Followers