Sebi extends timelines by up to 10 years to meet minimum public shareholding requirements

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The IPO rules for very large firms have been eased, granting a timeline of up to 10 years to meet minimum public shareholding requirements.    Minimum shareholding norm for large companies eased by Sebi Capital market regulator Sebi has relaxed the minimum public shareholding norms for big corporates going for an IPO, at the board…

FM Sitharaman cites former RBI governor Raghuram Rajan to explain rupee’s fall in Lok Sabha address

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The FM said that the main goals of the Budget are to accelerate growth, invigorate private investment, promotion of MSMEs, employment led development. Finance Minister Nirmala Sitharaman quoted former RBI governor Raghuram Rajan to explain the fall in the value of the rupee. She said that the currency volatility across major countries is reaqlly extensive…