India’s Market Regulator Tightens Disclosure Norms for IPOs
- Starts pre-filling of offer document as alternate mechanism
- Sebi gets mutual fund transactions under insider trading norms
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India’s capital market regulator approved decisions related to changes in norms for initial public offerings, including additional disclosure norms and optional pre-filling of offer documents.
Issuers looking at raising funds from public offers, whether traditional or new age tech startups, will now be mandated to make disclosures on their key performance indicators and pricing based on past transactions and fund raisings in their offer documents, the Securities and Exchange Board of India said in a post board meeting statement.