SEBI to relax listing norms for start-ups; renames ITP as ‘Innovators Growth Platform’

• In a major push to kickstart listing of start-ups in India in a big way, capital markets regulator Sebi has lined up a slew of relaxations for new-age ventures.

Key highlights

• The proposed changes include renaming the Institutional Trading Platform that the regulator had created for such listings as Innovators Growth Platform.

• The Securities and Exchange Board of India (Sebi) had set up an expert group in June this year to review the start-up platform.

• The Group held extensive consultations with other stakeholders including start-ups, investors, bankers and wealth management firms and submitted its report to Sebi on the proposed changes.

• The changes include doing away with the requirement of at least 50 per cent of pre-issue capital being held by qualified institutional investors.

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Mains Paper 3: Economy

Prelims level: SEBI

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